One of these members said that given that the role of fiscal policy could become increasingly important depending on future economic developments, it was essential to secure market confidence in the conduct of fiscal policy, and this would require presentation of a forecast indicating that the medium-term fiscal condition would be sustainable.
The Bank aims to strengthen market confidence and expectations regarding the sustainability of monetary easing by making a commitment to the levels of future policy interest rates and the duration for maintaining low interest rates, in addition to the inflation-overshooting commitment regarding the monetary base.
Another member said that prompt disposal of NPLs could increase corporate bankruptcies and unemployment, while on the other hand, slow disposal could impair the credibility of the Japanese financial system, and thus the Japanese economy could be in a difficult situation either way.
In the event that a member country does experience financing difficulties, the IMF can provide financial assistance to support policy programs that will correct underlying macroeconomic problems, limit disruption to the domestic and global economies, and help restore confidence, stability, and growth.
Within the scope of this role, the Bank is conducting unprecedented monetary policy, namely, controlling the yield curve. The prerequisite for the control of the long-term interest rate is that the credibility of the JGB market is maintained through the government's efforts toward establishing a sustainable fiscal structure.
If a member country does experience financing difficulties, the IMF can provide financial assistance to support policy programs that will correct underlying macroeconomic problems, limit disruption to the domestic and global economies, and help restore confidence, stability, and growth.
With this commitment, the Bank aims to increase the credibility that it will achieve the 2 percent price stability target by ruling out the possibility of a change in the direction of monetary policy at an early stage when achievement of the target comes in sight.
Petersburg(152) dropped 41 and 117 spots, respectively, as a result of Russia's ruble losing significant value against the U.S. dollar, lower oil prices and a lack of confidence in the currency following Western sanctions over the crisis in Ukraine.
On this basis, this member and others emphasized that it was important among other things to secure the confidence of the market and thereby constrain the expansion of the risk premium in long-term interest rates by pursuing efficient fiscal management and presenting a clear picture of the future fiscal situation.
If a member country faces a balance of payment crisis, the IMF can provide financial assistance to support policy programs that will correct underlying macro economic problems, limit disruption to both the domestic and the global economy, and help restore confidence, stability, and growth.
Petersburg(152) dropped 41 and 117 spots, respectively, as a result of Russia's rouble losing significant value against the US dollar, lower oil prices, and a lack of confidence in the currency following Western sanctions over the crisis in Ukraine.
If a member country faces a balance of payment crisis, the IMF can provide financial assistance to support policy programs that will correct underlying macroeconomic problems, limit disruption to both the domestic and the global economy, and help restore confidence, stability, and growth.
The Bank of Japan acknowledges that it is crucial to protect investors and ensure the stability of securities market through the efforts by the relevant parties for the maintenance of the confidence in the Japanese financial system at home and abroad.
In the financial markets, the creditworthiness of the government bonds issued by those countries has declined, leading to a hike in interest rates and concern over adverse effects on financial institutions that held those government bonds.
Decline in government bond prices of peripheral European countries, due to the decrease in confidencein the public sector, made market participants' views more cautious toward European financial institutions that held a large amount of such claims, leading to heightened anxiety about the financial soundness of these financial institutions.
A different member expressed the opinion that the Bank was expected to make efforts to restore the public's confidence in the financial system in cooperation with the Financial Services Agency, and that injection of public funds would be inevitable if banks' financial strength could not be sustained.
In Europe, sovereign debt risks in some countries have generated a difficult dynamic of rising interest costs and stresses in the banking system, which are now weighing on confidence and real activity in the Euro Area.
Ltd.(hereinafter referred to as"the Company") is in pursuit of sustainable growth as well as improvement of medium- to long-term corporate value by realizing its corporate philosophy, and thus shall establish its basic policies with the objective of realizing optimal corporate governance as a means to gain the trust of shareholders and other stakeholders.
Supported the agreement at the London Summit on 2 April 2009 to restore confidence, growth and jobs, reject protectionism and promote global trade and investment, strengthen financial regulations to rebuild trust, reform international financial institutions, and inject an additional US$ 1.1 trillion to enhance global financial liquidity;
Put that in the context of the current global financial crisis, concern over counterparty risks intensified to an extraordinary level after the collapse of Lehman Brothers. And not only the confidence of depositors declined but also interbank money markets faced malfunctioning, where a high degree of mutual trust between the participants is a prerequisite.
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