-5want to see inflation coming in around target on a sustained basis after seven years of below-target readings. As I have noted before, the persistence of subdued inflation, despite an unemployment rate that has moved below most estimates of its natural rate, suggests some risk that underlying inflation--the slow-moving trend that exerts a pull on wage and price setting--may have softened.
To expand financial services by capturing diversifying needs and adapting new technologies, it is useful to form new networks composed of entities such as financial institutions and high-tech and venture companies that enjoy advantages in information technology and data usage. It is also important to ensure communication, cooperation, and sound competition among these entities. The third point is acquiring public’s trust regarding financial infrastructure.