financial stability

Committee on Payment and Settlement Systems (CPSS) membership has recently been widened. It happened after the central banks of Australia, Brazil, China, India, Mexico, Russia, Saudi Arabia, South Africa and South Korea admitted the Committee's suggestion to enter.

As the Nikkei reported today, private-sector banks were criticized by some Japanese central bank policymakers for their failure to adequately reduce risks from holding stocks. At first, criticism came at the Bank of Japan's February 3 meeting, when the bank decided to resurrect a stock-purchasing program, which involved spending up to 1 trillion yen (or $11.5 billion) purchasing stocks held by financial institutions, in order to ensure financial system stability.