Mr. Hiroshi Nakaso, Deputy Governor of the Bank of Japan, has unwaveringly stressed "the importance of ensuring financial stability" at various stages of his career as a central banker: in dealing with the financial crisis during the 1990s, and in fighting Japan's nearly two-decade-long deflation that has followed, including in the Bank of Japan's pursuit of its recently introduced quantitative and qualitative monetary easing (QQE) with a negative interest rate.
- Why is financial stability important, and how must we achieve this?
- Where do monetary policy and macroprudential policy fall in the context of financial stability?
His speech will encompass these issues as he walks you through some of the Bank's measures to date.
Welcome to a seminar, organised by IVA, the Japan Society for the Promotion of Science, the Sweden-Japan Foundation and the Embassy of Japan.