BIS central bankers’ speeches  3  U.S. monetary policy and the Dollar The stronger dollar and some of the factors causing it, including weaker foreign demand, have played an important role in accounting for revisions to the expected path of U.S. policy rates compared with what was expected in the summer of last year.
Under these circumstances, the government released the “Comprehensive Measures to Accelerate Reforms” which includes policies to accelerate the disposal of non-performing loans. Including the effects arising from these measures, developments in the financial and capital markets including stock prices, the behavior of financial institutions, and the situation of corporate finance require closer monitoring. 2  BIS Review 67/2002