In hindsight, Japan has faced many problems ahead of other developed economies – for example, the bursting of the bubble and the financial crisis and subsequent low growth and rapid aging.
The Bank of Japan has been trying to explain to the outside world its experiences and the lessons to be garnered from them, but it was not easy to convince the overseas audience until the bubbles burst in the United States and in Europe, and even now, I have a feeling that our points are not fully driven home.