It would be a waste of all the experience, expertise and insights that supervisors have. Why not strengthen their judgement? Why not keep the flexibility they need to react to newly emerging risks in an ever-changing banking sector? And do all that within a sensible legal framework, of course. At the end of the day, we need both.
Fourth, the Bank conducts surveys and research on developments in economic activity and prices at home and abroad, such as the Tankan (Short-Term Economic Survey of Enterprises in Japan), which requires the support of survey respondents nationwide. And fifth, in cooperation with overseas central banks, the Bank executes business operations in the field of international finance.