This raises the question of whether central banks should be given the task of ensuring both price stability and financial stability, and possibly given additional tools to do so. The interlinkages between financial stability and price stability and between monetary policy and prudential supervision have become more evident as a result of the crisis.
Toshihiko Fukui: Restructuring Japan's economy Speech by Mr Toshihiko Fukui, Governor of the Bank of Japan, to the Naigai Josei Chousa Kai (Research Institute of Japan), Tokyo, 28 October 2003. *  *  *  The foundation for a gradual recovery in Japan's economy is being laid as the environment for exports and business sentiment have improved.