Basic Concept 1: Central Banks' Mandate I would like to start by considering central banks' mandate and the response to climate change. Central banks in many countries, including Japan, are responsible for price stability and the stability of the financial system. Since I already highlighted the importance of climate change issues to the financial system earlier, let me here talk about price stability.
As I mentioned at the outset, increases in the frequency of disruptions to economic activities due to the loss of basic social infrastructure and in supply chain disruptions have been observed in recent years as a result of the growing scale and frequency of natural disasters worldwide due to the effects of climate change.