2  BIS central bankers’ speeches  II. Japan’s price developments and monetary policy  I will next talk about the Bank’s conduct of monetary policy and the price situation in Japan.
I would like to urge the beneficiaries to judiciously use the funds for the purpose for which they had indicated in their applications, as independent monitors and evaluators will be engaged to regularly follow up on the progress of the project, with particular focus on the socio-economic impact of the financed projects on their immediate community and the economy in general.