While fiscal management is conducted under the responsibility of the government and the Diet, it is important to secure the market's confidence in medium- to long-term fiscal soundness. In the joint statement by the government and the Bank of Japan in January 2013, it says that the government "will steadily promote measures aimed at establishing a sustainable fiscal structure."
This approach cuts across three key areas: first, our regulatory policy framework; second, proactive monitoring through our surveillance capabilities; and finally, promoting resilience through supervisory and oversight activities. Since 2013, the BSP has issued several regulations to address cyber-related risks for our supervised financial institutions.