In the end, I would like to say that expanding business arenas, globalization of financial activities, emergence of new financial products and increased level of competition have opened up opportunities but also increased the potential risks from such developments.
Japan experienced a sharp and substantial economic downturn from the autumn of 2008 to early 2009, which could be described as “falling off a cliff.” Fortunately, however, the economy stopped worsening in the spring of 2009 and has been picking up since then. There are three reasons behind the pick-up in Japan’s economy. First is the fact that overseas economies have started to recover.