Japan's economy is no longer a sick patient. |
There is no doubt that our judgment (for a policy shift) has entered a crucial stage. |
When changing the current 'quantitative monetary easing' in the future, current reserves will be reduced to levels required by the market, but interest rates will stay at a very low level before they are adjusted in tandem with economic fundamentals. |
When making decisions on economic and price conditions, we will focus on the CPI as the 'inflation rate', while closely analyzing output and import prices. |
With core CPI (at or) above zero for three months, we have entered a critical period for policy decision-making. I have no doubt about that. |