In recognition of this, Prime Minister Hashimoto proposed the “Big Bang” deregulation package for Japan. I understand that the purpose of this financial reform package is to revitalize the Tokyo market as a free and active global market.
The Bank believes that the aims of this reform package are most appropriate and as a central bank, intends to contribute to the achievement of its goals. In carrying out the reform, it is especially important that the three basic principles of freedom, fairness, and globalization are strictly followed, and that the pace of the reform is not relaxed.