We believe that our existing framework for conducting monetary policy has generally served the public well, and the review may or may not produce major changes. Consistent with the experience of other central banks with these reviews, the process is more likely to produce evolution rather than revolution.
Turning to the domestic side, the basic conditions surrounding prices, such as the supply-demand balance in the macroeconomy, technological innovations, streamlining of distribution channels, and pricing strategies of firms, are unlikely to change significantly for the time being. Under these circumstances, domestic corporate goods prices are likely to remain more or less flat for the time being.