Today, I would like to talk about the Bank's outlook for Japan's economic activity and prices based on the Outlook Report, as well as its current thinking behind the conduct of monetary policy, including the decision at the recent MPM. I. Economic Developments Developments in Overseas Economies Let me start by talking about developments in overseas economies.
Typically it requires substantial investment, and in this respect the size of the bank is a factor. The large banks are better positioned to develop their own digital solutions. Conversely, the small banks rely on collaboration with e.g. a data centre or a larger bank in order to be able to offer the solutions requested by customers.