With a view to preventing this vicious cycle, measures to maintain stability in financial markets are important at the time of a crisis. Thus, in the current crisis, the government and central bank of each country have swiftly made policy responses on a large scale, also based on the lessons learned at the time of the GFC.
5  So far, I have explained that the Bank has conducted powerful monetary easing with a view to supporting corporate financing and maintaining stability in financial markets, thereby encouraging economic and financial activities. Maintaining accommodative financial conditions during the severe economic situation will mitigate the negative impact on firms and households and support their positive efforts.