In this regard, the fact that inflation expectations in Japan were well below the price stability target of 2 percent provided a way to break through the  2  BIS central bankers’ speeches  deflationary mindset: if the Bank could raise inflation expectations, real interest rates would fall, stimulating economic activity by firms and households.
The strong willingness of the authorities in Mauritius to co-operate and to promote the country as a sound and clean jurisdiction runs through the assessments. Even before the Financial Sector Assessment Programme started we, at the Bank of Mauritius, had already identified certain areas of vulnerability of our banking industry.