let's start with boj governor haruhiko kuroda. >> but in the u.s.inflation rates are actually close to their target, close to 2%. in japan, the inflation rate is still 0.5%, far away from our 2% target, so there is some difference between u.s. and europe on the one hand and japan on the other hand. wages are not rising so fast, that is true. prices are not rising. here, there is some kind of differentiation in the mindset, strong among business leaders, labor union leaders. they tend to be cautious in raising prices. so what companies are doing his they are heavily investing in labor-saving equipment, and so on and so forth, and also they are changing the business model so as to reduce labor content. by so doing, despite some wage increase, it has not been rising, so they are not required to raise the prices. >> they are doing well. gdp growth up six quarters in a row. exceeding on growth, and maybe something has changed to the degree that -- does inflation matter so much? japanese households like inflation. if you have the growth? >> i don't think

haruhiko kuroda says japan's too earlyion is far to talk about exiting stimulus.ith us in tokyo. course, we still see inflation at 0.5% in japan. interesting to get your take on this announcement of a snap election and this $18 billion stimulus package coming out from shinzo abe. does that have implications for now that this is tied to the sales tax hike? no, i do not think there is significant implication in the sense that we are going to have going to japan that is stay rocksolid. governor kuroda made it very clear inflation target is very far away. there is room for the boj to do more, and they have done a wonderful thing. targeting the yield curve with targeting the 10 year bond yield. basically around zero. as a result of that, you see japanese monetary policy. the japanese yield curve being very supportive for a weaker yen going forward. we expected to hear from jl and as well. what do you want to hear from her today? >> the thing you want to hear she isllen number one is confident the financial system is actually stable and the financial system is actually