While both the judiciary and central banks can make a very useful contribution to the societies in which they operate, over the longer term central banks can't make economies grow much more rapidly, or materially reduce unemployment, or eliminate the business cycle, or deal with the problems of particular industries or sectors - any more than the members of the judiciary can make us all virtuous.
The year-on-year growth rate of the monetary base is 1.0 percent, and that of the money stock has been around 2.0 percent. As for developments in financial markets, money market conditions continue to be extremely easy, as the Bank of Japan continues to provide ample liquidity.