If I may add, prices of international commodities such as crude oil have recently risen substantially despite the stability in prices on a global basis. This will inevitably impair terms of trade for oil-consuming countries, but what is important, in terms of the price situation, is its influence on inflation expectations.
Briefly, the Basel Committee on Banking Supervision (“the Committee”) issued a Revised Capital Adequacy framework which is widely called Basel II in June 2004. This framework has been endorsed by the Central Bank Governors and Heads of Banking Supervision of the G-10 countries.