Meanwhile, that in the CPI excluding fresh food and energy has continued to be positive as a trend for around three and a half years (Chart 8). Japan's economy is no longer in deflation, which is commonly defined as a sustained decline in prices.
We will continue to take appropriate measures as the central bank in order to achieve this mission. VI. Concluding remarks  As I mentioned earlier, nothing is more heartening in a crisis than the encouragement and support of friends overseas. I would like to conclude by thanking you once again for your friendship.