I was reading this article about the governor of Mitsubishi UFJ Financial Group saying that we need to wait and see if inflation is really going down before cutting interest rates again. And I'm like... yeah, no kidding! Inflation rate has been coming down, but does it mean our economy is back on track? Not so fast, my friend.
I think the government and banks did a good job by implementing anti-inflation policies to prevent a recession. But, we can't just assume that's all it takes for our economy to roar back to life. There are still many challenges ahead.
We need to be careful and thoughtful when making decisions about our economy. We can't just rely on one thing to fix everything. It's like trying to fix a leaky pipe with just some tape - it might work, but it's not the solution. We need to find the root of the problem and deal with it properly.
Anyway, I hope they take their time and think things through before making any big decisions.