Recent developments in corporate finance  Over the past few years there have been a number of new developments in the area of corporate finance in Japan that seem to signal further changes in the future. First, firms have been reducing their levels of debt. This has been a major trend since the 1990s.
Federal Reserve Vice Chair Lael Brainard also recently noted that, given the foundational role of fiat currency, a digital native form of safe central bank money could enhance stability by providing the neutral trusted settlement layer in the future financial system.