The yen is currently being traded in the range of 105-107 yen. With regard to corporate finance, private banks have basically retained their cautious lending attitude. However, constraint that had been caused by severe fund-raising conditions and insufficient capital base has eased considerably. Given this, major banks are becoming more active in extending loans, while carefully evaluating the credit risks involved.
This focus, in part, explains my presence here at the American College of Greece, an educational institution that acknowledges the importance of climate change and is committed to develop a sustainability culture throughout its educational practices.