In an effort to support the global demand for U.S. dollars, the Federal Reserve established swap lines with central banks all over the world to support international trade. In addition, regulators and supervisors have strongly encouraged banks to deploy capital and liquidity buffers to support lending, made modifications to certain regulatory requirements, or delayed the implementation of new requirements.
Economic activity The slowdown in emerging economies, particularly China, has recently become more pronounced, and this has affected Japan’s exports and production.