In capitalism and a market economy, firms need to switch from unprofitable to profitable business areas. If banks release human resources and capital while making this shift, this will have a positive impact on Japan's economy as a whole.
Although I recognize the difficulty of giving up business in Japan, if banks -- which should form the core of capitalism and the market economy -- understand this point, I believe productivity of the economy will improve greatly.31  Concluding Remarks Nearly seven years have passed since the introduction of bold monetary easing in 2013, and almost five years have passed since I was appointed as a Member of the Policy Board of the Bank.