This is the mechanism that the Bank assumes will operate. There is still some way to go to achieving the price stability target, due to the various factors I mentioned earlier. Let me note, however, that Japan's economy has continued expanding, as the effects of monetary easing have thoroughly demonstrated.
But the dynamics observed during the financial crisis of highly correlated asset holdings, shared risks, and contagion among the largest firms suggest that the well-being of any one of these firms cannot be considered in isolation from the well-being of the system as a whole.