Achieving this goal is crucial to the sound functioning and development of the foreign exchange market. Why is a well-functioning foreign exchange market highly important from a central bank’s perspective? We closely monitor the financial market developments when conducting our policy in pursuit of price and financial stability.
The use, for example, of computer-assisted design instruments, machine tools, and inventory control systems has given our former, more rigid factory assembly lines greater flexibility. Businesses now can more quickly customize their production to changes in market conditions; design cycles are shorter, quality control has been improved, and costs are lower. Offices are now routinely outfitted with high-speed information-processing technology.