To put it differently, regulators and overseers should arm themselves with technology comparable to that used by high-speed villains themselves, though there is still a long way to go in this area. The third issue, which is more technical but more profound in nature than the previous two issues, is the question of how to avoid over-reliance on high-frequency traders as liquidity providers.
Today, I would like to provide my views on the achievements thus far of the Bank's monetary policy measures as well as on some critical opinions regarding QQE, and then explain recent economic and financial developments as well as the path toward achieving the price stability target of 2 percent. I.