I guess that ECB watchers are quite used to this kind of communication, for it has served us well in other circumstances. Today, I’d like to examine one part of the debate about the exit strategy which has so far attracted less attention – the international dimension.
In addition, I would like to mention another factor that is not directly related to the consumption tax hike. It is the planned reduction in charges for mobile phone services recently announced by some of the major mobile network operators in Japan.