C.  Interim assessment of the outlook for economic activity and prices  At the MPM held on July 13 and 14, we examined the current condition of the economy and prices and conducted a midterm review of the outlook for economic activity and prices through fiscal 2007, with a view to assessing whether economic and price conditions are likely to follow the path stated in the Outlook Report.
As a result of this examination, we concluded that economic developments are likely to be broadly in line with the outlook described in the Outlook Report.