First, it will create liquidity and promote price discovery in the markets for these assets. Second, this measure will make the balance sheets of these financial institutions more transparent so a reasonable assessment of their financial condition can be made by investors, reducing uncertainty considerably.
Although there remains considerable uncertainty about the outlook for global financial markets, I hope that a series of measures taken by governments and central banks will contribute to stabilization of the markets, leading to recovery in global economic growth. The outlook for economic activity and the risk factors I would now like to turn to the outlook for the Japanese economy.