At times of no difficulties, too, our New York office gave essential inputs to discussions in Tokyo, thereby enabling us to learn a lot about not only the U.S. economy but also economic and financial developments in the world. Let me emphasize that our New York office is performing a very important role within the Bank of Japan.
That is not just my personal view, but the entire Policy Board of the Bank appreciates the contribution made by the New York office. Looking ahead Before I conclude, allow me to briefly touch upon the current economic situation in Japan.