6  8  knowledge necessary to make the wisest and most effective use of these opportunities. So, what do we need to further improve financial literacy in Japan? I think that education holds the key. The knowledge and decision-making skills necessary for money and personal finance change over time.
8  BIS central bankers’ speeches  Operation twist to facilitate foreign currency funding The second policy measure pursued by the Bank of Japan concerns foreign currency liquidity. In the latter half of the 1990s, Japanese banks, amid serious concern about their soundness, faced difficulties in raising U.S. dollar funds, especially longer-term ones.