Such limited room calls for decisive new measures. According to the minutes of the Council on Economic and Fiscal Policy, members argue that it is dispensable that the components of fiscal expenditure be reviewed with a view to creating private demand. We hope that analysis will be made on the way spending reallocation can stimulate private demand and that decisive actions will follow accordingly.
I would also like to add that, looking at the globally prevailing view about fiscal policy, standard prescription for an economic downturn is to leave room for the built-in stabilizers to work. How should we think about this point?