Following a review of these upside and downside risks, the October 2013 Outlook Report assessed that risks to the Bank’s baseline scenario are “balanced” as a whole. B. My views and proposal on risks to economic activity  In principle, I view the aforementioned list of risk factors as important elements.
However, I do not feel very comfortable with the Bank’s overall risk assessment related to Japan’s economy as being “balanced.” This is because, based on my observation of various data, the downside risks appear to be somewhat greater than the upside risks at this stage.