It is this very diversity that prompted the Central Bank and the Institute of Directors in Ireland to invite you here today to open discussions regarding the role and benefits, as well as the challenges, of risk appetite and to share practical experiences and lessons.
For employee income, Q1 = March-May, Q2 = June-August, Q3 = September-November, Q4 = December-February. Notes: 2. Employee income = total cash earnings ("Monthly Labour Survey") × number of employees ("Labour Force Survey") 3. Figures for the Consumption Activity Index exclude inbound tourism consumption and include outbound tourism consumption (BOJ staff calculations).