The Cold War structure had begun to be dismantled, as captured most vividly in the pulling down of the Berlin Wall, and the industrialization of emerging economies continued to move forward. As shown by these facts, the conditions surrounding Japan's economy began to undergo such sea changes as globalization and intensified competition.
BIS central bankers’ speeches  1  Some of these milestones include,   Close and effective supervision of financial institutions to ensure financial soundness of the economy,    Launching of inflation targeting,    upgrade of the RTGS from a Uganda Shilling based System to one that supports East African Currencies,    creation of a platform for cross-border payments,    launching of Internet Banking,    and facelift of the BOU website.