In other words, we weren’t content to just stand on the sidelines and wait to clean up messes. The widespread and extremely high cost of the Great Recession made it clear just how difficult the clean-up job can be.
Let me sum up the outlook for Japan's economy (Chart 6). Downward pressure, reflecting the resurgence of COVID-19, is likely to remain strong for the time being, particularly in face-to-face services consumption.