Confidence in government bonds is also a significant issue in Japan given the large share on an international comparison of government bond holdings in the assets of financial institutions, which are the main suppliers of funds to firms. It is important to clearly present the medium-term roadmap for fiscal consolidation and implement specific measures to bring it to realization. III.
Medium- to long-term growth potential of Japan’s economy  So far, I have talked about the sovereign debt problem in Europe and related matters, which constitute one of the two main points concerning the outlook for Japan’s economy. I will now turn to the other point – namely, the medium- to long-term growth potential of Japan’s economy.