Our public sector debt to GDP ratio has hovered below 60 per cent over recent years. This is no mean feat for a small open island economy like ours. The banking sector continued to expand and recorded solid profits in spite of the difficult global conditions.
It has been almost a month since I assumed the governorship of the Bank on March 20, 2003. The Bank is determined to utilize all of its intellectual resources and expertise and do its utmost as a central bank, in order to put Japan's economy back on a sustainable growth path and overcome deflation. I.