Japan’s capacity for foreign currency funding is extremely strong, given that the country is the biggest creditor nation in the world, with net external assets of 2.9 trillion U.S. dollars, or 57 percent of nominal GDP. Private financial institutions are fully able to meet an increase in financing demand for rebuilding.
After a brutal economic winter, spring is within sight. There is, however, a catch. The economic climate that Canadian business will face will be considerably different. Canada is entering this period of adjustment with many strengths, but the efforts required of us will be historic. The global recession In the fall of 2008, the intensifying financial crisis triggered a deep, synchronous global recession.