Thus, the Japanese financial markets need to adapt to accelerating globalization by preparing market infrastructure with a high degree of accessibility. In this regard, I would like to explain the measures taken to improve the accessibility of infrastructure in Japanese financial markets amid global competition.
Then, in closing my remarks, I will talk briefly about the importance of market participants’ initiatives and the role of the Bank of Japan in ensuring stability and enhancing accessibility of the Japanese financial markets. I. Financial crisis in 2008: the United States, Europe, and Japan  In the past quarter-century, international funds transactions have expanded considerably amid economic and financial globalization.