In this context, I am paying attention to firms' wage-setting stance going forward. 4  B. Private Consumption Next, I will discuss developments in private consumption, which has increased its resilience against the background of steady improvement in the employment and income situation. The consumption activity index has continued to increase.
At the Monetary Policy Meeting (MPM) held in April 2016, the Bank decided to introduce a funds-supplying operation for financial institutions in disaster areas affected by the Kumamoto Earthquake at a total loan amount set at 300 billion yen, with a view to supporting them in their efforts toward meeting demand for funds for restoration and rebuilding.