Video: Tsuyoshi Oyama on the conflicted role of central banks post crisis

Tsuyoshi Oyama, a Bank of Japan veteran and partner at Deloitte Touche Tohmatsu in Tokyo, believes the global financial crisis that took hold in 2008 has altered the core mission of central banks. He says the consensus view of the role of central banks has traditionally been price stability, in part because of the memory of the effects of hyper-inflation felt in Europe prior to World War II. But during the financial crisis, politicians turned to central banks to handle macro-prudential policy