Mr Fukui may have better luck with the Bank of Japan's other policy goal: keeping the financial system from collapse.
These extraordinary stresses on our financial system require extraordinary policy responses.
The time to worry about moral hazard is between financial crises, when policy makers have an opportunity to change the incentives of the financial system.
Some economists argue that quantitative easing had little effect, because the policy of injecting lots of liquidity into the financial system did not succeed in its stated goal of persuading banks to lend more.
ECONOMIST: It is time for the yen to climb and the dollar to fall
The Financial Policy Committee will be established to look after the general well-being of the UK financial system.
Mr. BERNANKE: It's difficult enough to make good policy in the face of a complex economy, complex financial system.
If, however, it was an emergency measure to rescue a desperately sick financial system, putting an end to the policy might depend on other judgments, such as whether the banks are truly on the mend.
To restore sustainable growth, it said in an extraordinary footnote to its policy changes this week, it is essential to reform the financial system, the economy and industry.
The Federal Reserve uses quantitative easing, a policy of buying bonds, to increase the money supply and improve liquidity in the financial system in the hope of sparking economic growth and supporting employment.
The dire state of the financial system had investors boosting expectations the Fed will again cut rates at a policy meeting scheduled for Oct. 28-29.
Mr. Obama has at last joined the most important policy discussion: How to eliminate the moral hazard now embedded in the U.S. financial system.
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