Next, I would like to explain the background to the Bank's outlook that the economy is expected to experience a relatively long period of growth, albeit at a moderate pace, after adjustments in IT-related sectors are completed in the not so distant future and the economy emerges from the temporary pause.
BIS Review 35/2005  1  Our projection of continuing recovery is based on the fact that, in summary, both the economic and financial fundamentals have been strengthening. On the economic side, there has been progress in adjustments of firms' excessive production capacity, holdings of labor, and debts.