Other legislative initiatives such as the Corporate Recovery Act, the Payments System Act and the Collective Investment Schemes Law are also essential in our on-going efforts to strengthen our market as well as in the light of the current market issues.
Substantial loan exposure by Japanese banks to the Asian region has also weakened an already ailing financial sector in that country. But it is important to note that Japan has the financial wherewithal to deal with its banking difficulties and that a series of measures to combat these problems and to strengthen the economic recovery have already been taken.