Our judgment now shows the economy has almost broadly emerged from a stalled stage,
The world economy is running smoothly at the moment but there is a need to see what kind of risk factors there are,
Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path.
We cannot say for sure that the current recovery will be durable and strong enough to push the economy back to a sustained growth path.
As for the short run effects, exchange rate movements influence the economy through changing relative prices between goods at home and abroad.
The Japanese economy has finally crawled out of a lull which began in the summer of last year and is continuing to recover,
Japan's economy is likely to experience a sustained period of expansion, with domestic and external demand and also the corporate and household sectors well in balance.
If we judge that inflationary pressures are restrained and the economy can achieve balanced growth, we can keep interest rates at very low levels.