Summary of an article entitled Risk Disclosure by Financial Institutions published in the Bank of Japan Quarterly Bulletin of February 1997 BANK OF JAPAN, COMMUNICATION, 28/2/97. Introduction Public disclosure by financial institutions has long provided information about business performance through the publication of financial statements.
Public policy decisions with inflationary implications - often expressed as funding both "guns and butter" - were broadly supported. Only after the high-inflation years of the late 1970s and early1980s, after the spending power of incomes had been seriously eroded, were the consequences of inflation fully understood.