I will then give my viewpoint on the current practice of monetary policy as adopted by the Bank, compare it with previous monetary policy practices, and highlight some of the ways the practice differs in Japan compared with other economies.
In contrast, at small scales of operation, the use of many types of capital equipment is not economically viable, so most small and micro enterprises use very little capital which means that their labour productivity is low as a result. Thirdly, mid-sized firms are large enough to employ professional managerial and technical specialists which enable them to utilise their resources most efficiently.