Credit spreads on CP and corporate bonds have declined, and stock and J-REIT prices have been firm on the whole. We consider these effects have played a role in underpinning economic activity and prices.
This should continue in the future. So it is clear to me that our regulatory framework should take into account differing levels of size and complexity when establishing rules for disclosure. The rule requiring CEOs to sign-off on their financial statements is a case in point. The principle behind the rule is to try to make sure that investors have sufficient and accurate information.