In addition, issues concerning the implication of extraordinary measures, that has been taken by major authorities, such as the widening of fiscal deficit in major countries, and the “exit policy” of quantitative easing taken to fight deflationary pressure in those countries has started to emerge.
To cope with this issue, authorities have intensified their policy communication, to convince that all needed measures and tools have been prepared. Yet, it seems that all of those are not convincing enough, as at this stage, the political involvement in every country tends to increase. With the above background, we have to keep optimistic, but still have to be cautious.