Economic data, including the index of industrial production, released at the end of last week showed severe economic circumstances. The pace of the recent increase in the sluggishness of Japan's economy has been rapid, and overseas economies are also undergoing a similar drastic change.
If we look at the banking sector, same names are represented in all countries. We had our own severe crises in early 1990s, but this time our financial sector has survived pretty well, keeping itself in a rather good shape. Since 2008, we have experienced a series of different types of crises. Each of them has had devastating effects on the real economy.