Amid changing global economic and financial conditions after the financial crisis, Japan’s economy is also faced with a difficult situation from a longer perspective. For Japan’s economy’s long-term growth, it is essential to raise the productivity of the economy as a whole.
It means being accountable for our actions, decisions, and use of public funds...." In terms of openness and transparency, in many ways, the importance of these issues goes to the heart of our main responsibility: the conduct of monetary policy. Openness and transparency in our conduct of monetary policy is critical for two fundamental reasons.