In particular, we are observing welcoming signs in private sector demand as evidenced by a continuing gradual increase in capital expenditures against the background of improving corporate profits. In the coming period, we will carefully examine momentum of the recovery, focusing on how such recovery in the corporate sector will spread to the household sector.
Here, I come back to the issue of an international currency. As the second condition for the international use of a currency, I can point out its “user friendliness”. For a currency to be user friendly, the existence of a liberalized and open economic environment, which includes deep financial and capital markets, is necessary.