Considering that the non-performing asset problem of financial institutions has not been completely resolved, and taking into account the excess debt of the corporate sector, we have not yet reached a point where we can say that the problem of the aftereffects stemming from the bursting of the bubble has been resolved.
In addition, the continuous decline in property prices is another matter of concern. Furthermore, the consolidation of financial institutions is not merely a matter of size. The key to successful consolidation is to become more efficiently managed through a strategy of “selection and concentration”, and it will take more time for such consolidation to bear fruit.