Good news is that banks’ lending attitude seems to be gradually becoming far more accommodative than in the previous recoveries. This shows that major banks in Japan have made good progress in  2  BIS Review 41/2004  solving non-performing loan problems. The resultant improvement in bank balance sheets is expected to enhance their loan capacity.
In any case, we must be willing to adopt a flexible and multi-tracked approach to global governance, which should be more adaptable to and consistent with the increasingly diverse global landscape. III.