Let me also add that the success of the Bank’s monetary policy, QQE, is closely associated with the collective efforts of all entities involved.
These include the government in implementing economic growth strategies and credible medium-term fiscal consolidation plans, firms in actively engaging in innovative activities and enhancing competitiveness, and financial institutions in generating risk money and innovative financial services needed to revitalize Japan’s economy. 10 I hope that my speech today was useful in fostering your understanding of the Bank’s monetary policy.