Thank you.
Governor, I did want to follow up on one of the statements you made in your opening presentation. You talked about the United States and Japan.
Japan is a country that Governor Carney, in his last monetary policy report, and the bank's last policy report, referenced as one that we should be paying increasing attention to.
Given the fact that you did mention it in your opening statement and given the situation in recent times with our currency and other matters, can you just expand on the statements about Japan in your opening statement?