While approving innovation products, financial supervisory bodies should work hard to protect such lawful rights of the investors as the right to know and the right to receive due return. We should step up our efforts in improving the Insolvency Law.
The yield spread between private bonds (bank debentures and corporate bonds) and government bonds continues narrowing, primarily that between private bonds with relatively low credit ratings and government bonds. Stock prices have been firm on the whole, and are currently moving around 20,000 yen. In the foreign exchange market, the yen weakened against the US dollar for most part of February.