To reiterate, if financial institutions can provide various financial services that meet the needs of households, and through such actions, effectively utilize the funds of households to support corporate activity, it can contribute not only to increasing households' wealth, but also to promoting the economic growth of Japan.
By enlarging the pool of financial instruments available to households, the CMU creates incentives to allocate savings out of bank deposits; it may also contribute to narrow banks’ margins on loans to households and firms, to the extent that borrowers gain access to a larger set of alternative financing solutions. 2  BIS central bankers’ speeches  2.