And that is exactly what happened when the crisis in the US subprime market triggered a rapid loss of confidence among financial intermediaries on a global scale. As a result of it, uncollateralised interbank lending has been muted – the reasons for which are twofold. On the one hand, banks’ willingness to lend has fallen sharply due to mounting counterparty risks.
The increase in the elderly population will expand potential demand in the medical care and nursing care fields. Moreover, the advance in population aging shows that the elderly have emerged as a new consumer group, bringing about business opportunities for firms.