, developments in commodity prices, and domestic firms'wage - and price - setting behavior. under these circumstances, it is necessary to pay due attention to developments in financial and foreign exchange markets and their impact on japan's economic activity and prices. meanwhile, japan's financial system has maintained 1 / 2 bis - central bankers'speeches stability on the whole. even in the case of an adjustment in the real economy at home and abroad and in global financial markets, the financial system is likely to remain highly robust on the whole, mainly because japanese financial institutions have sufficient capital bases. regarding financial risks from a longer - term perspective, while there is a possibility that prolonged downward pressure on financial institutions'profits may lead to a gradual pullback in financial intermediation, the vulnerability of the financial system could increase, mainly due to the search for yield behavior. although these risks are judged as not significant at this point, it is necessary to pay close attention to future developments. ii. conduct of monetary policy next, i will explain the bank's conduct of monetary policy. at the monetary policy meeting ( mpm ) held last week, the bank decided to maintain the current guideline for money market operations during the intermeeting period, in which it would encourage the uncollateralized overnight call rate to remain at around 0 to 0. 1 percent. regarding purchases of japanese government bonds ( jgbs ), cp, and corporate bonds for the intermeeting period, it will conduct the purchases in accordance with the decisions made at the march 2024 mpm. the bank also decided that it would reduce its purchase amount of jgbs thereafter to ensure that long - term interest rates would be formed more freely in financial markets. it will collect views from market participants and, at the next mpm, will decide on a detailed plan for the reduction of its purchase amount during the next one to two years or so. with the price stability target of 2 percent, the bank will conduct monetary policy as appropriate, in response to developments in economic activity and prices as well as financial conditions, from the perspective of sustainable and stable achievement of the target. thank you. 2 / 2 bis - central bankers'speeches

financial goal and presents information on coverdell education savings accounts, u. s. savings bonds, and qualified tuition programs as types of savings vehicles for achieving that goal. programs on estate planning and retirement are offered, as well as seminars on financial planning and advanced investment. many of these programs are geared to those employees who have been in the workforce for many years. however, understanding that many of our young people don ’ t receive formal course work in financial matters, we designed a program that is more meaningful to new professionals. this program, which is designed for those young people just entering the workforce, discusses the importance of starting to save at a young age, homeownership, advanced education, and avoiding debt. workplace education benefits both the employer and employee. for the employee, more knowledge, one hopes, will result in better financial decisions and overall financial well - being. employees who are taking maximum advantage of the benefits available to them will more likely have greater job satisfaction, which may result in lower turnover. for the employer, research studies have shown that employees who are financially healthy are more productive. they are absent less often, spend less time at the workplace dealing with financial crises, and earn higher job performance ratings. we commend the commission for recognizing workplace education as an integral component in formulating a national financial education strategy.