Given these factors, what policy actions should be taken? As I already mentioned, the current economic situation is favorable, and the positive output gap is likely to widen steadily for the time being. Under these circumstances, it is unnecessary to implement additional policy measures to forcibly push up short-term demand.
Doing so would only increase fluctuations in economic activity and thereby do more harm than good; for example, it could hamper efficient resource allocation. It is important to keep in mind that the Bank’s goal is to achieve the price stability target in a stable manner and in that situation realize sustainable economic growth.