Before concluding, let me make a few points on the basis for the central bank to appropriately discharge its responsibilities, referring to some issues that are often outside the public’s awareness. In particular, I would like to look at the organizational aspects of the central bank.
At every firm, at every organization, business is carried out by individual people, and the corporate culture – including the tacit knowledge formed through tradition and the interactions of members – is most important. There are four aspects that I wish to note. Firstly, a central bank is a bank. Accordingly, the day-to-day banking operations are very important.