I was told that this is the first time for the Governor of the Bank of Japan to address the Forum of this Association. And it might be an opportune moment, perhaps the most appropriate in your 25-year history, when the turmoil in global financial and capital markets remains and financial institutions and central banks are faced with various challenges.
As an association of international financial groups, commercial banks, securities firms and representative offices in Japan, the International Bankers Association was established 25 years ago. Since then it has been making efforts to exchange views between member financial institutions and to enhance their dialogue with the Japanese authorities.