Additionally, capital planning will need to be strengthened across all institutions as companies adjust to the change in market conditions and investor expectations for higher capital cushions. Although these immediate financial challenges will, I am afraid, overwhelm quite a number of community banks this year, the vast majority will survive the present downturn.
After the autumn of 2008, against a backdrop of the economic downturn in the United States and Europe, Japan’s exports and production plunged, and Japan’s economy suffered an unprecedented large fall. From the spring of 2009, Japan’s exports and production have been increasing due to the progress in inventory adjustments at home and abroad as well as the effects of economic stimulus measures.