We need to go back and broadly raise thresholds of applicability and look for other ways to reduce burden on smaller firms. Third, the new rule book is excessively complex. We need to look for ways to simplify the rules so that they support our goals but also improve the efficiency of regulation.
First of all, taking a look at developments in economic activity and prices, the economy has been improving steadily, but prices have not yet been sufficiently firm compared to the degree of improvement in the economy, as I mentioned earlier, and thus there is still a long way to go to achieve the price stability target of 2 percent.