For example, in money markets in which financial institutions mutually trade short-term funds, the transaction volume once plunged to the extent “liquidity evaporated.” It is now in a state that money markets are awash with low cost funds, and extremely low interest rates have been continuing.
The real economy is the same as the international financial markets and Overseas Economies in terms of bottoming out from the substantial deterioration which continued until the beginning of 2009 and has been improving since then. The global economy has been recovering moderately led by robust growth in emerging economies.