For example, the interest rate on one-year Japanese government securities is also very close to zero, at 0.001 percent recently. In the aftermath of the terrorist attacks, liquidity problems did not arise in Tokyo markets, due to the Bank's ample provision of funds.
Also, there was no serious disruption in trading and settlement at the end of 2001 when concerns over the financial system heightened reflecting the failure of several large firms. And currently, there is no liquidity shortage in sight as we move toward the end of the fiscal year in March 2002.