Japan’s financial system has maintained stability on the whole, and the lending stance of financial institutions has been active. Under these circumstances, bank lending for May registered the highest increase in the last 30 years, and CP and corporate bond issuances have increased significantly. Tension in financial markets has abated.
The Bank will continue to support financing mainly of firms and to maintain stability in financial markets by conducting the aforementioned three measures. Still, there are significant uncertainties over the impact of COVID-19 on the economy and finance.