Conduct of monetary policy  As explained, the baseline scenario assumes that Japan’s economy is likely to be on a moderate expanding trend and the year-on-year rate of change in the CPI is likely to accelerate toward 2 percent.
Given my work on the issue of Non-Performing Loans across the euro area, I take a great interest in this topic and look forward to hearing the thoughts of our Spanish and Italian guests on the dynamics underlying bank profitability in their countries.1 In the area of financial regulation, the changes experienced on both sides of the Atlantic since the crisis have been dramatic.