Looking at economic and price developments over this period, as mentioned earlier, economic growth has turned out to be somewhat lower than the Bank’s projection, due to developments in exports and imports, and prices have been higher than projected.
Economic and price developments so far have been in line with the Bank’s  2  For details, please view Lawrence Summers’ recorded Polak Annual Research Conference held by (http://www.imf.org/external/np/res/seminars/2013/arc/index.htm). 3  See Paul Krugman, “It’s Baaack: Japan’s Slump and the Return of the Liquidity Trap,” Brookings Papers on Economic Activity 2, 1998, pp.137–205.