In this regard, they should step up their efforts to reduce nonperforming loans and contribute to corporate restructuring. And they should be well prepared for the removal of the blanket deposit insurance, which is scheduled for April 2005. As the structural adjustments have progressed, an opportunity for sustained growth is finally arising.
In order to turn this nascent opportunity into full-scale revitalization of the economy, both the private sector and the government should work harder. II. Conduct of monetary policy  On the part of the Bank of Japan, we continue to maintain the monetary conditions which should help deflation come to an end.