It is said that there is greater room for improvement in mobility in Japan’s labor market compared with other major economies, and this implies that the government’s initiatives of late — including working-style reforms — are very meaningful. Thus, the current labor shortage can be described as having an aspect of the ultimate growth strategy for Japan’s economy to powerfully urge its structural reform.
The new programme on banking supervision will begin on 1 January 2009 and will build on the capacity of the staff of the Central Bank of Egypt in terms of risk-based supervision. As I have already mentioned, it will run for a period of three years and will be funded by the European Union.