In Italy, credit demand among firms is picking up for the first time since 2011, while demand among households has also strengthened. However, both credit conditions and loan dynamics remain heterogeneous across sectors of economic activity.
If firms can make positive contributions in these directions, they will certainly be able to expand the frontier of innovation to revitalize the Japanese economy. I hope that such efforts will place the Japanese economy in a unique position in terms of the sustainable development of the world economy. BIS Review 38/2003  3  IV.