Last week's decision was made because, given the likelihood that the markets will remain under stress in the new fiscal year, the Bank judged that continued provision of substantial liquidity is required to ensure stability in financial markets. With this decision, the Bank would make greater use of its long-term funds-supplying operations, thereby facilitating smooth money market operations.
100  Investor base in Emerging Asia  3  Bank credit  80  Pension funds Insurance Mutual funds Deposit money banks  2  60  1 40 20  0  0  1996  2006  2016  Note: Emerging Asia is the aggregate of China, India, Indonesia, Korea, Malaysia, Philippines, Thailand, and Vietnam.