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.
Mia Horn af Rantzien, chairman Royal Swedish Academy of Engineering Sciences' Division for Economics
Klas Eklund, Senior Economist SEB, moderator
Presentation/obituary and Moment of Silence for Robert Stenram
Edvard Fleetwood, Swedish Japan Foundation
Challenges toward Financial Stability and the Policy Frontier Unconventional Monetary Policy, Macroprudence, and Financial Institutions' Low Profitability
Deputy Governor Mr. Hiroshi Nakaso, The Bank of Japan
Governor Stefan Ingves, The Riksbank
Discussion led by Klas Eklund