The financial markets constitute the infrastructure supporting a nation’s economy, and thus their efficient and stable functioning is essential to the promotion of unhindered economic growth in the long term. Accordingly, market reform has become an urgent issue in Japan, as the financial markets seem to be losing international competitiveness.
These measures will have to be unwound when the situation normalises and the rationale for the measures fades away. The cornerstone of our exit strategy is its link to our primary objective of price stability. Our actions throughout the crisis have been taken resolutely with this primary objective in mind.