The postwar development of the economy of Nagano Prefecture has been supported mainly by manufacturing, such as of electric machinery, general machinery, and transportation equipment. However, because this is a manufacturing-oriented economy, it had been experiencing a relatively large adverse impact from the Lehman shock and the yen’s appreciation in recent years.
Whilst we should take time to celebrate achieving such a result, we must also be mindful of our on-going duty to the Government and the nation. There are still on-going work within the Central Bank to improve the design of our policies and their implementation.