In this situation, Japanese firms have the strength since their technological skills are high to start with and, assured by such skills, the quality of their products is also high. However, unless such strength matches the needs from new markets, it will not be possible to fully capture potential demand.
For release on delivery 9:35 a.m. EST January 12, 2021  Supporting Responsible Use of AI and Equitable Outcomes in Financial Services  Remarks by Lael Brainard Member Board of Governors of the Federal Reserve System at the AI Academic Symposium hosted by the Board of Governors of the Federal Reserve System Washington, D.C.