In other words, following the structural shake-out in the late 1990s, Japanese companies re-invented themselves to be able to reap the benefits of global economic dynamism that involved both advanced and emerging economies. Policy actions for crisis resolution So far I was speaking in a past tense, talking mainly about Japan’s crisis experience in the 1990s and early this century.
The changes now under way, boosted by SEPA, will bring clarity and transparency to business relations throughout the 4 economy and not just in the payment sector. Market players will be encouraged to revise their organization and code of conduct. The public sector will have the tools and procedures they need to improve payment transactions with firms and the public.