For example, in the cases of Portugal and Italy, the market is concerned about fiscal conditions and even more about weakness in growth potential. As the global economic growth prior to the Lehman shock had been inflated by a credit bubble to begin with, the global economy cannot return again to such inflated state at this point.
To steadily promote fiscal reconstruction, it is necessary to create a new growth model corresponding to changes in economic structure after the Lehman shock and strengthening growth potential over the future. While I talk about Japan later, that point is existing as a daunting challenge common to Europe, the United States, and Japan.