In view of the fundamentally weak earnings structure of venture businesses, which are expected to be the driving force of the structural reform, it can easily be imagined that an untimely raising of interest rates would make the progress of industrial restructuring even more difficult.
In other words, although monetary easing is not directly aimed at promoting structural adjustment, by providing a stable macroeconomic environment, it does support the management efforts of many firms with high growth potentials and thereby contributes to laying the foundation for structural adjustment. I very much hope to gain your understanding on the importance of this point. B.