Indeed, in the recent Tankan, business sentiment has remained favorable, and firms expect corporate profits to remain high and plan to increase business fixed investment further in fiscal 2015. Moreover, leading indicators such as machinery orders and construction starts also point at an increase in business fixed investment.
All in all, Central Bank actions show us the consistency and effectiveness of our strategy. We proved to have the necessary “artillery” to preserve money and exchange market stability and, at once, a wide variety of tools to maneuver in the face of turbulence showing clear symptoms of permanence in time.