In detail, durable goods such as automobiles and household electrical appliances have been on a moderate increasing trend, due mainly to replacement demand, and nondurable goods such as clothes and food have been picking up recently. The favorable employment situation, together with the rise in stock prices, has led to an improvement in consumer sentiment, which also underpins consumption activities.
We will continue to use the flexibility built into our framework when that flexibility will help us better manage risks and achieve our mandate. And when we use that flexibility, we will be clear about why and how we are using it.