The FEI's leadership in the proposed COSO Enterprise Risk Management Framework demonstrates this organization's recognition of the importance of this new discipline. I would like to challenge companies to use their new risk-management discipline as a framework also to begin disclosing this information to the market, perhaps in summary form, paying due attention to the need for keeping proprietary business data confidential.
In other words, the resiliency of monetary policy – more precisely, conventional or standard monetary policy – is considerably eroded. Soon after I took office in March 2013, the Bank of Japan introduced Quantitative and Qualitative Monetary Easing (QQE) to overcome mild but protracted deflation. QQE has two key elements that enable the Bank to move beyond the previous monetary policy measures.