BIS central bankers’ speeches  13  In addition, structural issues have also contributed to the long-standing negative output gap. Some may argue that the output gap is likely to shrink quickly if firms adjust their production plans in response to a shortage in demand. However, this may not necessarily be the case in Japan.
It is necessary to draw attention to the fact that in the long term manual processing is not sustainable as after the introduction in Hungary of euro currency only such banknotes may be issued via ATMs that have been previously processed by a machine successfully tested by the Eurosystem. The fight against counterfeiting would be inconceivable without the cooperation of the organisations present here.