One important aspect of that role is to serve as a primary source of credit for the small businesses that are responsible for creating a substantial proportion of all new jobs. A thriving community banking sector is essential to sustaining our ongoing economic recovery.
At the same time, Japan should promote further opening and improvement of its domestic markets to contribute to the efficient and fair allocation of world resources. Particularly in financial markets, various measures for improvement have been effected. For example, in the benchmark government bond market, the maturity of bonds has been diversified and the withholding tax on non-residents lifted.