Please refer to, http://www.suomenpankki.fi/en/tutkimus/konferenssit/tulevat_konferenssit/Pages/BOF200_2011.aspx  BIS central bankers’ speeches  1  history of Japan’s leading firms, it is not rare to find cases where they entered into new areas dissenting against the government’s industrial policy or cases where they did not receive any favorable treatment. There are also examples where industries and firms which were wellprotected gradually lost their vibrancy.
Our disclosures of the results stemming from those models, along with transparency about the model assumptions, have given banks, markets, and the broader public a lens through which to understand risk in the system. We have built credibility over time through our consistent and increasingly detailed public disclosures.