That is, it is necessary to develop and provide goods and services that will explore new demand, and at the same time expand the channels for capturing demand in neighboring economies. Japan's economy has made progress toward this end for many years despite the severe situation for the management of firms, and has exhibited strong compatibility.
But taking all this into account, we believe wage moderation is of the essence at the level of the euro area as a whole. Would you say that inflation risks for the medium term, i.e. 2008, have increased in the last three months or decreased?