At the same time, moving too slowly would mean a further accumulation of household debt and rising vulnerabilities, while moving too quickly could trigger the sort of 4/5  BIS central bankers' speeches  financial stability risk we are trying to avoid. As you can imagine, getting the path of monetary policy right involves a lot of judgment.
In this regard, recent developments in overseas economies will support Japan’s economy through exports; for example, the U.S. economy has been recovering moderately, led by private demand, with the recovery becoming more widespread, and the euro area economy is also recovering moderately (Chart 6).