The Reserve Bank Innovation Hub (RBIH) has been set up for collaborating with financial sector institutions, the technology industry and academic institutions for exchange of ideas and development of prototypes related to financial innovations. Competitive events like the Hackathons are held to provide a channel for the fintech and start-up sector to showcase innovations. 18.
Conclusion In sum, Japan's economy continues to grow, with domestic and external demand and also the corporate and household sectors well in balance. The Bank is determined to contribute to leading Japan's economy to sustainable growth under price stability, through the appropriate conduct of monetary policy. BIS Review 59/2006  5