If that explanation is correct, then the recent slowdown in the appreciation of house prices should lead ultimately to some increase in household saving rates, all else equal. 4  BIS Review 92/2006  raise income; some of this income would be saved and would thus be available to augment the capital stock.
This is because I continue to hold the view that it is necessary for the Bank not only to support financing, provide liquidity, and address climate change but also to further strengthen its monetary easing stance with a view to achieving the 2 percent price stability target at the earliest possible time and thereby supporting Japan’s economy in returning to a powerful growth path.