However, this has not yet materialized. On the contrary, the Banking Union is still under construction  and significant obstacles remain on the path to its completion.
The Bank of Japan’s January report of recent economic and financial developments BANK OF JAPAN, COMMUNICATION, 6/2/98. Summary Japan’s economic growth remains stagnant. Sluggish domestic demand, especially household expenditures, has been exerting negative influence upon production, employment and income. Corporate sentiment has also weakened.