On the timing with respect to achieving sustained inflation of around 2 percent in a stable manner, it might be necessary to assess this over a little longer time span. This is because there is high uncertainty regarding the effects of the planned consumption tax hike and the “quantitative” expansion of public- and private-sector fixed investment associated with the Tokyo 2020 Olympic Games.
We could make a parallel to the success of the CLS system, which indicates the possible benefits in reduced risk and increased efficiency in global financial services. CLS also suggests that we should not lose sight of the global dimension; in particular, Asia is a large and rapidly growing part of the financial markets.