Going forward, continued efforts are needed to establish a system for developing and providing unique products and services that are not susceptible to economic developments at home and abroad, nor to foreign exchange movements, and to further accelerate innovation that promotes establishment of such a system.
In closing, let me underline that these initiatives toward raising Japan's potential growth rate require a comprehensive approach that includes structural reforms in addition to monetary and fiscal policies. Structural reforms of Japan's economy have been progressing to a certain extent, but further acceleration is required.