If we judge that inflationary pressures are restrained and the economy can achieve balanced growth, we can keep interest rates at very low levels.
We've just ended quantitative easing so it is too early to say when to end the zero (interest) rate policy.
Interest rates will stay at zero for some time, then stay extremely low and go through an adjustment period.
Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions.
Interest rate cycles globally are gradually changing but we expect no great impact upon the global economy.
A low rate of inflation itself now poses a new challenge of achieving and promoting sustained economic growth in the global economy.
Recent empirical studies, however, show such short run effects become small because the exchange rate pass-through to import prices declines.
There is no reason to think now that interest rates will be left at zero for a just a short while after quantitative easing has ended and no reason that they will be zero for a long period,
On the contrary, exchange rate movements still play an important role in facilitating more efficient resource allocations in the long run.
The year-on-year rate of change in consumer prices is projected to be zero percent or to show a slight increase towards the end of this year,
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.
As for the short run effects, exchange rate movements influence the economy through changing relative prices between goods at home and abroad.