As  BIS central bankers’ speeches  5  a surge in oil prices could also lead to a slowdown in emerging economies, sufficient attention should be paid to future developments. As for domestic factors, there is a possibility that conditions surrounding electric power supply and demand will become increasingly severe toward this summer in a wide area including the Shikoku region.
We judge that, at the moment, manifestation of a risk that conversion of the 6  BIS central bankers’ speeches  deflationary mindset might be delayed has been prevented due to the easing measure in October.