But I would not want to presume that everybody is thinking about it the same way; one can imagine that there might again be some optimists who are in this case underestimating the degree of uncertainty about the future path of policy and are placing levered bets accordingly. So we may have some further bumps in the road as this all plays out.
In fiscal 2017, the economy is projected to maintain its positive growth, although with a slowing in the pace to around a level somewhat below the potential growth rate due mainly to the effects of the consumption tax hike planned in April 2017.