This approach would provide supervisors with a tool—supervisory recommendations—for continuing to raise concerns about less pressing supervisory matters while focusing a bank’s attention on the most urgent matters, those that would receive MRAs. We removed this category of supervisory commentary in 2013 to better focus bank management on deficiencies found during the supervision process.
Reflecting such monetary easing, monetary base and money stock continued to increase at a fairly rapid pace compared to the level of economic activity. Japan's economy, however, failed to return to a sustainable growth path.