In addition, spurred by a growing belief among Japanese firms that labor shortages would continue on the back of expectations that the economy would continue to grow at a moderate pace, and aided by advances in IT and AI, domestic business fixed investment, especially labor-saving investment, shifted to a period of sustained growth.
You are now engaging in political debate, telling countries what reforms to implement. Hasn’t the ECB stretched its mandate in order to maintain price stability? Praet: As you know, the ECB takes monetary policy decisions to achieve its objective of maintaining price stability.