As mentioned earlier, the economy has been recovering due to QQE. However, there is concern about the risk of a deterioration in economic activity going forward due to the fall in stock prices since the end of 2018. Often, a decline in stock prices is seen as a harbinger of a future decline in economic activity.
While this is the case, stock markets frequently seem to overreact to such risks, and whether this leads to deterioration in economic activity warrants careful monitoring.