Conclusion Today, I have talked about why the Bank considers monetary easing to be necessary in Japan at present and about the importance of wage increases in order to achieve the price stability target of 2 percent in a sustainable and stable manner.
As we strive to recover from the pandemic, financial institutions will need extraordinary amounts of financial resources to support growth to realise our visions for a brighter tomorrow. Raising these resources would not be a constraint for financial intermediaries with robust governance frameworks as they can command a governance premium.