In this regard, some may argue that, in the euro area, the negative interest rate policy and the asset purchase program are being pursued simultaneously at present, and thus the Bank can do so as well. However, the example in the euro area is not necessarily applicable to Japan, as there are great differences in the situations between the two, such as the following.
This is where financial institutions are called upon to exercise due care when recruiting. There should be proper screening of employees, anti-fraud training of staff, staff need to apply customer due diligence and take appropriate measures to prevent money laundering and credit delinquencies. The culture of compliance should be embedded throughout the organization.