1  Governor Hayami made a statement regarding the Semiannual Report on Currency and Monetary Control for the second half of fiscal 2001 before the Committee on Financial Affairs, House of Councillors, on July 4, 2002. BIS Review 46/2002  1  Financial markets have gradually regained stability on the whole since April 2002, as the economy improved slightly.
In the corporate bonds and CP markets, the issuing environment has been improving recently. This suggests that investors' stance toward taking credit risk is starting to improve. Financing conditions of firms with relatively high credit risks, however, remain severe. Hence, developments in the behavior of financial institutions and corporate financing continue to require close monitoring.