Do not set a time frame for how long to maintain monetary policy

It is very important to keep interest rates low for a very long period

I want to clarify that the situation in Japan is different from the situation in the US and Europe

However, the promise to maintain low rates does not mean that the Bank of Japan will do this on an ongoing basis

When developing guidance, it is necessary to ensure the effectiveness of commitments

It is also necessary to take into account the flexibility of future political behavior

I hope that the new leadership provides a clear position

Stock and exchange rates have been stable since the July meeting of the Bank of Japan