Toward Sustaining a Virtuous Cycle  Corporate Profits and Business Fixed Investment Ratio of Current and Operating Profits to Sales 7  Investment-GDP Ratio (Nominal)  s.a., % 17  Introduction of QQE  6  s.a., % Introduction of QQE  Ratio of current profits to sales Ratio of operating profits to sales  5  16  4 15 3 2  14  1 0 CY 85  90  95  00  05  10  15  13 CY 94 96 98 00 02 04 06 08 10 12 14 16 18  Note: In the left chart, figures exclude "finance and insurance."
Figures from 2009/Q2 onward exclude "pure holding companies." Sources: Ministry of Finance; Cabinet Office. 7  Chart 8  III.