I would like to say a little more about this because I think it will be necessary if we are to make real progress. If we go back and think of the Thai, Korean or Indonesian crises, we can see the problem if there is no formal system of burden sharing.
Recently, while domestic demand remains firm, the output gap in Japan appears to have reached the past long-term average of about zero, reflecting factors such as a low birth rate and aging population working in the direction of reducing potential labor supply. In other words, supply-side issues have surfaced.