In the meetings, the two authorities have been exchanging views on the state of the financial system and financial markets, and through such interactions, the Financial Services Agency and the Bank of Japan are reinforcing their ties regarding macroprudential policy.
One of our objectives is to make saving a regular habit and expand our deposit base to include children, the youth and unbanked adults. While our savings rate (or gross savings as a percent of GNP) has been on a steady uptrend – from 22.7 in 2000 to 27.9 as of 2007, we are behind other countries in the region.