Under the main bank system, borrower information has been shared only between the borrower and its main bank, and neither party has been especially averse to this arrangement. It is always difficult to change such established practices.
For this reason, persistent efforts will be required not only to establish an infrastructure to facilitate the use of information, but also to convince market participants to change their thinking on this matter. Second, the revitalization of credit markets using cutting-edge financial engineering techniques is indispensable. We see technological innovation in many industries but it is particularly rapid in the financial sector.