Reflecting these various measures, the Reserve Bank's balance sheet has increased from around $ billon prior to the pandemic to around $ billion today and further increases are expected over coming months (Graph 4). Graph 4  To date, around $ billion has been advanced under the funding scheme for the banking system, with 66 ADIs having used the facility (Graph 5).
Following that, I aim to shed light on recent economic and financial developments in emerging economies, particularly in Asia – “emerging Asia.” This is because I believe that this region could provide Japanese firms with an opportunity to increase the demand for their products and services.