Though the Corporation has been able to settle all claims within the statutory time limit, its goal is to go beyond the statutory prescription, and ensure settlement of claims within a few days of liquidation of a bank as against a few months taken now. Towards this end, effort is required in two directions.
The Bank of Japan has been placing emphasis on a macroprudential perspective in its conduct of monetary policy since before the crisis. In today’s speech, I will share with you my views on the issues regarding the implementation of macroprudential measures, and then elaborate on the Bank’s initiatives on the macroprudential front.