On the other hand, medium- to long-term growth expectations by firms and households could rise if firms take the disaster as an opportunity to bolster efforts to implement growth strategies. Risk factors regarding overseas economies, as I explained earlier, are increasing to some degree.
In emerging economies, there are upside risks due to economic expansion, and although monetary tightening has continued in these economies, this has not sufficiently calmed concern over overheating or inflation. Therefore, there is concern that from a longerterm perspective sustainable growth may be undermined due to increased fluctuations in economic activity.