Ambassador of Japan Visited the CBBH 6/15/2012 Tweet On 15 June 2012, Ambassador of Japan H.E. Hideo Yamazaki visited with his associates the Central Bank of BH (CBBH), and talked with the Governor Kemal Kozarić Ph.D. They discussed the new economic trends in Bosnia and Herzegovina, its near environment, and the bilateral relations between BH and Japan.Since 1995, Japan implemented a number of projects of a humanitarian character in BH, as well as technical assistance projects. The current relationship between two countries is rated as very good. Ambassador Yamazaki added that it was time for the raising the economic relations to a higher level, and announced several projects of foreign direct investment of Japanese enterprises in production plants of BH. While presenting the macroeconomic situation in the country, Governor Kozarić emphasized that all investments are welcome and that theCBBH, in accordance with its institutional capacities, works continuously on providing monetary and financial stability as a basic prerequisite for attracting foreign investors. "With an unemployment rate of 27.6%, we all have to do extra efforts to create a positive atmosphere for investments and job creation," said the Governor.The Governor also informed the Japanese Ambassador on the CBBH measures undertaken during the economic crisis, adding that all analyses have shown that the present model of monetary policy being the Currency Board arrangement have proven to be the best option for our country. Along with the regular activities, the Governor stressed that the CBBH also actively works on planning and preparations for BH future accession to the European Union. "The CBBH, through active cooperation with the Eurosystem countries, makes efforts to adjust as much as possible own methodologies and practices and to prepare them for the future process of the EU integration. "It is encouraging that the analysis showed that the majority of current CBBH practices is already well aligned with the EU standards", said Kozarić. At the end, the Ambassador Yamazaki expressed the support to the work of CBBH and pointed its significance in maintaining the financial and monetary stability of BH. Public Relations Section Note: photos related to this event can be found on the front page of the web presentation of the CBBH (www.cbbh.ba).
