With these close connections in mind, today I would like to share Japan's experience and lessons learned from a central bank's perspective. The main themes of my speech are monetary policy and the financial system. On monetary policy, I will explain the transition of the BOJ's monetary policy instruments from the 1980s to the early 1990s in response to financial liberalization.
On the financial system, I will talk about how Japan responded to the financial crisis that occurred after the collapse of the bubble economy and continued through the 1990s and the early 2000s.