Let me describe the roles of financial services that are expected by both businesses and households based on their ever-changing needs. The first role is to support dynamism in corporate activities. Firms require sophisticated financial services such as financing of newly developed businesses, arranging of capital to satisfy shareholders, reorganizing of global businesses, and hedging of wide-ranging business risks.
The second role is to contribute to increasing households’ wealth. The financial system as a whole should efficiently provide a broad range of financial products and services enabling households to invest and raise funds according to their various financial needs.