Production decreased in the January-March quarter of 2007 in reaction to the high growth in the previous quarter led by production in automobile-related goods, but it seems to be on a trend of 1 percent quarter-onquarter growth.
Since I do not wish to repeat Chairman Greenspan, I will merely say that the structural changes I have touched on today are definitely influencing interest rate developments. The three broad trends--globalization, ICT, and aging--will be sustained for some time.