In Europe, meanwhile, we see better growth prospects. Meanwhile, China's reopening has contributed to a better outlook for the European economy given that China is its biggest main trading partner. The figure could reach 6% or more if the expansion of the domestic economy is better than expected. In addition, the economic fundamentals of emerging markets are better than those of developed economies, and should continue to expand amid volatility this year. In summary, the investment outlook in China, Europe and emerging markets appears to be improving, but the US and Japan appear to be riskier.