Although it is premature to discuss an exit strategy at this stage, if the year-on-year rate of increase in the CPI accelerates in accordance with the Bank’s forecast I just mentioned, the Bank at some point will need to gradually slow the pace of QQE from the current full-speed operation.
I have said this many times in the past and I will say it again today that we must make productivity a national vision. The national leaders must get excited about productivity. Everyone at whatever level can make a difference on how we do business irrespective of whether you are in the public or the private sector or in between.