The Bank of Japan is also likely to maintain its highly accommodative monetary and fiscal stance for some time. The bottom line is that normalisation will happen: it will not be a synchronised event, and the timing and speed of the cycle is uncertain and will be dependent on the pace of the recovery in the advanced economies.
15. Let me highlight that unfair market conduct does not only mean being on the wrong side of the law or the regulations. What banks must consider is whether the transactions that they undertake or approve of are beneficial for the society as a whole.