However, given that there is no precedent for a change from the current policy framework to another, it is important for the purpose of smooth formation of interest rates that the Bank clearly explain its assessment of economic activity and prices as well as the thinking behind the conduct of monetary policy, and endeavor to stabilize market expectations.
In order to realize sustainable economic growth and stable prices, the Bank will take measures in an appropriate and timely manner in response to economic and financial developments. Conclusion I have talked mainly about the content of the October Outlook Report as well as expected developments in Japan's economy and the thinking behind the conduct of monetary policy.