And if I may add one more thing, I think another major reason is that the Bank of Japan’s conduct of monetary policy has been clearly focused on achieving sustainable growth with price stability. To put it the other way around, Japan should appreciate and make every effort to maintain the confidence shown by markets while working on mid- to long-term fiscal consolidation. III.
Efforts needed to address Japan’s economic problems  Next, let me turn to the fourth question, namely whether Japan’s economy can really regain its vitality. I mentioned earlier my belief that Japan’s economy can regain its vitality. At the same time, however, this of course cannot be achieved without any effort.