It is in this context that the Bank notes the importance of efforts to strengthen the economy’s growth potential and support from the financial side in order for Japan’s economy to overcome deflation as early as possible and return to the sustainable growth path with price stability. I have already explained the Bank’s own efforts to overcome deflation.
It is a great pleasure for me to deliver a speech at this conference on financial stability. Needless to say, this subject has hardly been more challenging than in recent times. But let me start on a positive note. Because of the market turbulence, many people seem to forget how the financial system has improved over the past decades.