Specifically, in addition to uncertainties regarding the supply capacity in the labor market and medium- to long-term inflation expectations, the chair mentioned the possibility that factors such as increasing competition with emerging economies, reflecting globalization, and a rapid spread of the use of online shopping backed by advances in technology could affect price developments.
It may be very beneficial for Japan as well to  4  consider these points when analyzing its price developments. However, it also should be kept in mind that the inflation rates in the United States and the euro area have been at around 1.5 percent despite being regarded as somewhat weak, and that such situation is somewhat different from that in Japan.