Based on these targets, it is expected that the government will continue making efforts toward fiscal consolidation. B. Loan support program  Next, I will discuss the Bank’s Loan Support Program. To support full use of the accommodative financial conditions by firms and households, the Bank – in addition to implementing aggressive monetary easing measures – has established the Loan Support Program.
For example, in the second quarter of this year the number of mobile payments transactions processed by Chinese banks increased by 25 per cent with respect to the same period of 2019. In the US, survey evidence suggests that nearly one in five respondents plan to increase the use of mobile payments due to COVID-19.