The effects of monetary easing are being amplified by low interest rates maintained during the improvement in economic and price conditions. Given this situation, the Bank will thoroughly examine economic activity and prices, and decide a change of the policy framework appropriately according to the commitment based on the CPI. Conclusion Japan's economy continues to recover steadily.
The current economic expansion has lasted four years, since January 2002, based on the Cabinet Office's reference dates of business cycles. This already makes it the third-longest expansion phase in the post-World War II period.