Under these circumstances, Japan’s experience of fighting prolonged deflation should provide a valuable case study for the central banks of other advanced economies in finding appropriate monetary policy responses. Throughout their long history, central banks around the world have overcome various difficulties by learning from each other’s experience and coming up with innovative solutions.
I am convinced that, through their wisdom and will, central banks will continue to fulfill their mission of ensuring price stability in this changing and challenging world. Thank you very much for your attention.