In order to avoid taking on long-term fixed assets, the Bank of Japan is deliberating whether to review the lending rate applied to the DIC, which to date has been the same as the official discount rate, to reflect the lending rates charged by private financial institutions. Conclusion The Japanese financial system has been in an unprecedented crisis.
This can be viewed as a painful process of transformation of the financial sector from a heavily protected to a competitive industry that generates new know-how and income. The path of this transformation will not be smooth.