Secondly, markets for asset-backed securities (ABS) and asset-backed CP (ABCP) where firms raise funds by securitizing their assets such as sales credits and loan credit receivables have been rapidly expanding, but the volume and liquidity of these markets are still limited compared with those in the US.
D.  Role of the government and that of the Bank  I have mentioned three important tasks to be undertaken to improve the financial intermediary function of the financial system. If steady progress is made, funds necessary for economic growth can be supplied in significant quantities.