Excluding exceptional circumstances, our objectives for reserves and liquidity management are to manage our financial performance as efficiently as possible, out-perform what other similar portfolios would achieve, and deliver a positive return on equity.
Since then, the Bank has implemented monetary policy measures  1  Governor Fukui made almost the same statement regarding the Semiannual Report on Currency and Monetary Control for the second half of fiscal 2002 before the Committee on Financial Affairs, House of Representatives, on July 16, 2003.