The real GDP has been on an increasing trend, albeit with fluctuations, and the output gap -- which shows the utilization of capital and labor -widened within positive territory from late 2016, for seven consecutive quarters through the April-June quarter of 2018 (Chart 1).
If it were given the same priority as price stability, the latter would obviously be compromised. The exit from the non-standard measures is likely to be linked to the state of the financial markets, and in this respect can partly be disconnected from the interest rate policy.