Incidentally, even the financial markets which -- from the present perspective -- were still not very developed at that time showed their strength in that situation. There was, on the one hand, the ability to bypass administrative regulations. The Euro-dollar market came into being as early as the late 1950s, for example.
The Bank recognizes that Japan’s economy faces the critical challenge of overcoming deflation and returning to a sustainable growth path with price stability. A. Pursuit of powerful monetary easing  Based on this recognition, the Bank has been pursuing powerful monetary easing through the comprehensive monetary easing measures.