Closing remarks In my speech today, using Japan's experience in the 1990s for comparison, I highlighted a number of issues concerning balance-sheet adjustments that will play an important role in shaping the outlook for the global economy.
As a policymaker, I believe it is important to be aware of the issues I discussed today and, keeping duly in mind that the past is not necessarily a good guide to the future, to continue to carefully assess economic developments without any prejudgment. Thank you. 4  BIS Review 144/2009