With these close connections in mind, today I would like to share Japan's experience and lessons learned from a central bank's perspective. The main themes of my speech are monetary policy and the financial system. On monetary policy, I will explain the transition of the BOJ's monetary policy instruments from the 1980s to the early 1990s in response to financial liberalization.
I will be discussing the essential elements of, and the need for consumer protection, as well as initiatives taken both globally and in India with specific reference to the financial sector. Consumer protection – role of the Reserve Bank 4. Protection of the interests of the depositors has been one of the mandates of the Reserve Bank.