It is also necessary to share relevant information among the region’s countries in a timely manner. Information on macroeconomic policies and the challenges that each country faces should be exchanged on a regular basis. At the same time, it is essential to create a network of swift information sharing and rapid response to sudden changes in international financial markets.
To help strengthen such cooperation among central banks, the Bank of Japan has been actively participating in the Executives’ Meeting of East AsiaPacific Central Banks (EMEAP), together with the Bank of Thailand and other Asian central banks.