In light of the above financial intermediary activities, signs of overheating, such as excessive risk taking and credit growth, have not been observed on the whole.
こうした金融仲介機能の低下は、危機時の金融システムのショック耐性に影響しかねない。
Such a weakening of the financial intermediary functioning could affect the financial system's resilience against shocks in times of stress.
At the same time, authorities should make efforts tofurther develop domestic financial markets so that financial intermediaries can make effective use of domestic savings.
金融危機によって金融仲介機能が世界中で麻痺し、先行きの不確実性が増大しました。
The global financial crisis paralyzed the financial intermediation function around the globe and uncertainties regarding the outlook increased.
銀行行動は、金融仲介における銀行部門のシェアにかかわらず、経済に大きな影響を与えます。
The behavior of banks influences the economy significantly,regardless of the share of the banking sector in financial intermediation.
The relationship between the money stock andeconomic activity may be expected to stabilize in the future if the financial intermediation function of financial institutions is fully restored and short-term interest rates rise significantly above zero.
With both the real economy and the financial intermediary function in a weakened state, the actual growth rate has continued to be low, and this has driven firms' expectations of the growth rate into a declining trend since the 1990s.
Against such a backdrop, if banks become more conscious of capital constraints in the future,there might be a case in which the financial intermediation function would not be carried out smoothly from a macro perspective.
This member stressed that the financial intermediary function would not work properly while the over-banking situation was being solved, and thus ampler provision of the monetary base was needed to improve the functioning of financial intermediaries..
Against such a backdrop of the firms' severe financial conditions on the whole,Japan's financial institutions have retained the financial intermediation function accordingly, by supporting firms which have difficulty funding from capital markets.
These supervisory reports handle the recognition and reporting forms for financial companies, banks, securities,investment companies and other financial intermediaries referred to in Article 107 of Legislative Decree 385/93.
The financial intermediary function deteriorated significantly around the world and the funds necessary for economic activity were not provided sufficiently, causing a rapid contraction of economic activity not only in the United States and Europe, but also in the emerging countries.
On the other hand, if there is an increase in the number of financial institutions whose loss-absorbing capacitydeclines due to the continued weakening of their profitability, the financial intermediation function could weaken, adversely affecting the real economy.
Banks and financial intermediaries participating in the Guarantee Fund(representing more than 70% in terms of bank branches) are committed to promoting widespread information on the initiative.
Financial Intermediary Function and Deflation Some argue that the flattening of the yield curve has a negative impact on financial institutions' profits and in turn hinders the monetary easing effects.
In order to enhance resilience against shocks, as well as making the financial system more robust,it is important to build a regional financial intermediary system that is not solely dependent on foreign capital.
Financial institutions must continue to refine their financial intermediary function to facilitate efficient allocation of funds, and avoid treating the current momentum as if it were merely a transient boom.
Insurance and financial services(% of service exports, BoP) cover various types of insurance provided to nonresidents by resident insurance enterprises andvice versa, and financial intermediary and auxiliary services.
That said, if the low interest rate environment is prolonged further, it will become necessary to pay closer attention to the costs of policy measures,including the impact on the functioning of financial intermediation and market functioning.
Executive summary Developments in financial intermediation Domestic financial intermediation-- particularly bank lending-- has continued to be active and supported a moderate expansion of Japan's economy on the back of monetary easing by the Bank of Japan.
In their efforts to achieve this, it is hoped that various marketplayers will generate a range of channels for financial intermediation, and that the financial system as a whole will become more innovative and increasingly robust to external shocks.
With a view to strengthening banks' intermediation function, the Bank of Japan purchases corporate stocks held by commercial banks. This is also an unconventional measure for a central bank.
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