And as this conference amply demonstrates, despite the challenges of this last year, we still have been able to make important progress. I again thank the CPMI and Jon Cunliffe for their leadership and look forward to working together as we improve these payments for businesses and individuals alike.
Presumably because of this commitment to fiscal sustainability, survey figures for long-run inflation forecasts in advanced economies have not increased to levels much above targeted inflation rates, although these figures are subject to considerable uncertainty, as I mentioned before. These forecasts for Japan have not yet reached even 2 percent, although they do seem to be on a steady rising trend. IV.