Consideration from overall economy So far, I have talked about the measures taken by financial institutions and the reform strategy of the financial system towards enhancing the profitability of financial institutions. However, low profitability relative to asset size and capital is also applicable to many Japanese firms with the exception of large firms facing severe competition in the global market.
It has been refreshing to learn about what is happening across the continent – from the innovative regulatory and supervisory solutions to the electronic KYC and digital identity innovations that some of our members are implementing to advance financial inclusion.