In these areas, there is rising demand for koto consumption, and an increasing number of new services are being provided that primarily target tourists from abroad, in addition to domestic consumers. Given that the Olympic Games will be held in Tokyo, it is expected that price increases through such experience-oriented consumption also will contribute to pushing up prices overall.
I have explained the recent environment surrounding prices from these three aspects -- human resources, tangible factors, and intangible factors. Needless to say, there are factors other than these that could affect prices. Despite current economic expansion and tight labor market conditions, the trend inflationary pressure on the CPI has remained relatively weak.