The overcoming of deflation will progress in line with a dispelling of this sense of stagnation. I am a firm believer that Japan will regain confidence and grow with vigor again. There is another tail wind for Japan. The recent decision to hold the 2020 Olympics in Tokyo is boosting the level of people’s sentiment.
At the time of the Olympics, seven years from now, we will welcome you to a Japan that has regained its brightness. However, I am afraid that you may not be able to ride subways in Tokyo at a minimum fare of 160 yen at that time. Thank you for your attention. 4  BIS central bankers’ speeches