All we can say is that we will respond appropriately to economic and financial conditions. |
Based on a recovering overall economic climate, the consumer price index, excluding fresh food prices, was at or above zero percent for the third consecutive month since October. |
having almost escaped its soft patch. |
However close attention will have to be paid to rising crude oil prices and their impact on the domestic and overseas economies. |
I think market participants' common view is that economic fundamentals in Japan are firm. I hope they will react calmly. |
If there is a higher predictability, oil suppliers can have a better outlook for demand and can steadily increase investment, |
If we delayed the move, we would have turned certainty into uncertainty. |
If we judge that inflationary pressures are restrained and the economy can achieve balanced growth, we can keep interest rates at very low levels. |
Interest rate cycles globally are gradually changing but we expect no great impact upon the global economy. |
Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions. |
Interest rates will stay at zero for some time, then stay extremely low and go through an adjustment period. |
Investors are aware that the economy's fundamentals are firm. We hope they react calmly. |
is becoming quite short. |
It was determined at today's meeting that we cannot say that core consumer prices have stabilized above zero. The bank has not decided when to shift its policy. |
It's necessary to make the judgment calmly and objectively without any preconceived notions about whether the consumer price index excluding fresh food prices has stabilized at zero or above. |