Nonetheless, it is my qualitative assessment that those improvements have taken place. And the targets have certainly had a major impact on the Bank itself. With respect to transparency, we found that explicit targets provided a strong incentive that encouraged us to become more forthcoming about how we would operate to achieve those targets.
However, global financial markets have been regaining calmness. In this situation, overseas economies have continued to grow at a moderate pace as a whole, although the pace of growth has somewhat decelerated, mainly in emerging and commodity-exporting economies.