An increasing number of people are participating in the labor market in ways that meet their wishes, and firms are promoting a shift to more efficient and less wasteful working practices. Firms and employees are raising their competitiveness on the back of the introduction of new fixed investment and the development of employees' skills.
Through these changes, the long-term growth potential of Japan's economy, which declined substantially in the past, is gradually strengthening again. Although price rises are being constrained at present, the momentum toward achieving the price stability target is being maintained. Furthermore, changes that will lead to improving people's lives and strengthening the economy's competitiveness are progressing steadily.