The penetration rate of price hikes across various services is expanding reliably; the reality that price inflation is taking firm root across our entire economic structure is something that cannot help but command our deepest attention. We can deduce that this is no longer a transitory cost-push phenomenon, but that a solid footing toward a virtuous cycle between wages and prices is steadily being constructed. (N1 lesson 19)
Thank you. I feel keenly how great our duty is to account to the people for the intent of our monetary policy and our financial structure. So that the public understands our independence and mission, I will take the stand with dignity and win back the market's trust. (N1 lesson 26)
I feel keenly the weight of our charge, holding the reserves that are the nation's last means of paying abroad. To keep global confidence in settlement between central banks, I will order at once a fundamental review of how we hold our foreign currency in custody, and of our benchmarks. (N1 lesson 47)
Governor, here is the resolution, signed and sealed by every member of the Board. Even if it is to prevent the collapse of the financial system, ending the history of a private bank with this decision fills me with deep distress and bitter regret. (N1 lesson 108)
As a central bank entrusted by the people, let us speak with dignity, in a spirit of full accountability, about how we did everything to minimize the burden on the public. The duty of a governor who must face the judgment of history and of the people fills me with a sense of great responsibility. (N1 lesson 118)
Yes. The duty of protecting people's livelihoods from today's import inflation can only be fulfilled when monetary control and fiscal and industrial policy work as two wheels of one cart. Your words, Governor, setting out precisely the scope of the central bank's duty, move me deeply. (N1 lesson 73)
