This makes it all the more important for central banks to continue their efforts to steadily gather and analyze a wide range of data, including information relating to both economic activity and financial conditions as well as information at both the macro- and micro-economic levels, and to update the analysis as new information comes in.
Firms facing a declining population need new business opportunities, technological developments, expanding service territory, and increasing overseas sales. To enable these developments, demands will increase for such financial services as consulting and support for mergers and acquisitions. In addition, the digitalization of financial services has the potential to expand the frontiers of banking business in many ways.