The current rules remain appropriate and prudent for other banking organizations in the United States, and the agencies have decided that imposing the cost of new rules on these banking organizations does not pass a cost-benefit test. Nonetheless, change in the procedures for calculating regulatory capital for larger banks creates uncertainty among those entities to which the new rules would not apply.
The Bank of Japan will continue, as the central bank, to steadfastly work to ensure that trust in Japan’s currency is maintained as well as to carefully examine the outlook for economic activity and prices, and take appropriate policy actions as necessary. Thank you for your attention. 4  BIS central bankers’ speeches