My thinking on this, which I will now present, is based on such a perspective. 10  BIS central bankers’ speeches  Will the actual inflation rate Promote an increase in medium- to long-term inflation expectations?
Since Japan’s economic recovery has been induced by improving overseas economic conditions, and a self-sustaining recovery in domestic demand remains uncertain, any delay in the recovery of overseas economies could derail Japan’s economy from a self-sustaining recovery path. Therefore, I consider that developments in overseas economies represent the greatest risk that Japan’s economy faces. 1.