The Bank projects that, in a situation where Japan’s economy is likely to continue growing at a pace above its potential, the year-on-year rate of increase in the CPI (all items less fresh food) will likely rise closer to 2 percent through fiscal 2017 when the negative contribution of energy items dissipates.
We recognise the pioneering role that credit unions have played in improving financial access to previously unbanked segments of society and we shall apply proportionality in our approach to supervising and regulating the sector.