The future of Japan's economy relies heavily on the recovery of overseas economies and also on the stability of global financial markets, which will form the basis for the recovery of the world economy. Growth in overseas economies is likely to continue to slow in coming quarters.
The CRA is one of the seminal laws enacted to address systemic inequities in access to credit and one of the best tools that we, as regulators, have to help ensure banks meet their affirmative obligation to serve the credit needs of the communities in which they do business, including low- and moderate-income communities.