What are such policies? The answer boils down to two factors: one is to support the private sector to realize a vibrant economy and the other is to build efficient and liquid financial markets. In other words, policies must support structural reforms. Reforms not only in the private sector but also in the public sector are important.
From the central bank’s point of view, it is our responsibility to contribute to the  BIS Review 67/2004  1  sustainable growth of the economy through the maintenance of price stability. We must also enhance credibility through transparent formulation of policies. The central bank also has a role to play in invigorating financial markets.