I usually don’t make comparisons to Greece, but this time I will do so: For hundreds of years, we have seen the ramifications that an unstable financial system has on the market. We have a strong banking system, which was of tremendous assistance in our ability to withstand the crisis.
Moreover, the effects of QQE will increase in a cumulative manner with the progress in asset purchases by the Bank. These effects have become clearly evident in both the front and back ends of the yield curve, and are expected to strengthen further with the progress to be made in such purchases.