Continuation of QQE with Yield Curve Control  Economic and Financial Developments since the Introduction of QQE with Yield Curve Control Amounts Outstanding of Bank Lending, CP, and Corporate Bonds 16  y/y % chg.  <I>  < II >  Foreign Exchange Rate and Stock Prices  < III >  150  Amount outstanding of bank lending  12  130  Amount outstanding of CP and corporate bonds  8 4  yen/U.S.
The businesses currently conducted by the Shanghai Branch will partly be transferred to the Open Market Operations Department, Financial Market Management Department, Financial Stability Department, Statistics and Research Department, and International Department, respectively, and partly be taken over by the Financial Services Department. The foreign Exchange business will be conducted by the Foreign Exchange Management Department.