Moreover, we are still only halfway toward achieving the Bank of Japan's price stability target of 2 percent. I think that there are still many challenges to be addressed in raising Japan's growth potential. In the remaining part of my speech, I would like to focus on the challenges toward raising productivity in Japan's economy amid a declining and aging population.
4 In that regard, it bears emphasizing that the Federal Reserve has all the tools it needs to ensure that it will be able to smoothly and effectively exit from this program at the appropriate time.