The Bank for International Settlements (BIS), while revising the Principles for Sound Management of Operational Risk in 2021, introduced a specific principle on 'Information and Communications Technology (ICT) risk management' reflecting the importance of this risk. Robust IT and information security governance would help in increased predictability and reduction of uncertainty in operations, minimise losses from information security related incidents and enhance operational resilience.
If, as a result of such assessment, it is judged that Japan's economy will continue its sustained expansion under price stability, interest rates, which currently are extremely accommodative, will be adjusted gradually.