The financial system has maintained its stability on the whole and worked well in supporting economic activity. This is a big difference from the GFC, when an adverse feedback loop between finance and the real economy occurred. The other characteristic is seen when comparing Japan's financial conditions with those of the United States and Europe.
For each there is a classical regulatory tool – some dating back to the Great Depression or before – and these tools have been intensified or ramped up where they were still in operation, dusted down and modernized where they had fallen into disuse during the long period of deregulation which accompanied the macroeconomic lull from the late 1980s known as the Great Moderation.