Therefore, we have received many opinions mainly at the outset of the introduction that “it is not a policy measure a central bank should take.” Nevertheless, I believe that if the transition of the supply system is to be promoted by the measure and firms become able to tap the new demand, it will contribute to overcoming deflation and thus will be consistent with the mission of monetary policy of “achieving price stability, thereby contributing to the sound development of the national economy” as stipulated in the Bank of Japan Act.
Kenya’s macroeconomic environment and future prospects Ladies and Gentlemen, the Kenyan economy has grown steadily in the recent past with all sectors registering expansion, and therefore creating more employment and investment opportunities for many citizens. This growth has introduced new challenges to regulators particularly in the financial sector. For effective monetary policy, you also require an active and efficient financial sector.