Amid mounting speculation about when and how the BOJ will exit its ETF purchasing program, many specific exit strategies have already been proposed by outside observers. One concern, however, is that these proposals prematurely delve too deeply into details. What is needed as a first step is an overarching blueprint, not disjointed specific ideas.

Computing capacity requirements have been growing rapidly in the financial sector in recent years. Going forward, quantum computing is expected to play a role in meeting the sector’s growing computing needs. Financial institutions may be able to gain a competitive advantage by applying quantum computing to core financial services. Given the structural differences between quantum computers and classical computers, it will be important for financial institutions to develop in-house expertise in quantum computing.