Going forward, given the continued severe conditions surrounding corporate profits, there is a risk that, depending on future economic conditions, financial institutions and market participants may become stricter with regard to taking on corporate credit risks.
Furthermore, we think it necessary to keep in mind the possibility of banks becoming strongly conscious of capital constraints and tightening their lending attitudes if stock prices should decline substantially. Therefore, it is necessary to continue to carefully monitor developments in corporate financing. IV. Conduct of monetary policy  I have so far explained financial and economic conditions here and abroad.