Needless to say, however, Japanese firms need to continue to strive to find new frontiers, adapting to the changes in the global economy while making the most of their advantages. Only through these efforts can a full-fledged recovery in Japan's economy be attained. The Bank would like to strongly support these efforts from the financial side to facilitate the autonomous recovery of Japan's economy.
We are fully aware that the low interest rate environment has a bearing on savings income, asset valuation, risk-taking and house prices. And we are closely monitoring possible negative side effects to ensure they do not outweigh the positive impact of our measures on credit conditions, job creation and wage income.