Japan is thus in no position to merely sit back and observe the sovereign debt problems in Europe, which I touched upon earlier, and which were triggered by concerns about fiscal sustainability. A solution must be found before Japan suffers a serious loss of credibility in the markets.
C.  Measures taken by the Bank  As I said earlier, the Bank continues to consistently make contributions as the central bank in order to overcome deflation and return the Japanese economy to a sustainable growth path with price stability. The Bank’s efforts through the conduct of monetary policy also aim to help strengthen Japan’s economic growth potential.