Conclusion Today, I have talked about developments in Japan's economic activity and prices and about the Bank's conduct of monetary policy. As we successively face various risks, such as the pandemic and heightened geopolitical risks, Japan's economic society as a whole needs to flexibly respond to them and take this opportunity to grow.
We have also been averse to readily accepting new responsibilities not because we cannot or do not want to but because we should limit ourselves to achieving the best in our core functions rather than the “next best” in undertaking too many roles and tasks.