A more critical  BIS Review 138/2009  7  challenge for Japan is to raise "the potential strength," or put it differently, the long-term growth path itself. On this point, I will add that the key will be to improve profitability in investment and productivity of the economy as a whole through active efforts of private firms.
Closing remarks In closing, I will share with you what I have in my mind based on the experience of the past year. Those thoughts all relate to the role of a central bank. First, the importance of decisively taking action upon accurately recognizing the role expected of a central bank.