Following the Lehman shock, the Bank of Japan, in coordination with other central banks, has endeavored to maintain the stability of the global financial system through initiatives such as making currency swap arrangements, improving the framework of cross-border collateral, and enhancing regional financial infrastructures, including fostering Asian bond markets.
As a person who has been involved in international finance in various positions, I would like to emphasize that it is increasingly important to have international coordination with regard to the prevention and management of a financial crisis. Concluding remarks The QQE aims to overcome deflation that has continued for 15 years and to rejuvenate Japan’s economy.