From the latter half of the 1980s, the formation and subsequent collapse of the economic bubble left firms burdened with excesses in debt, production capacity and labor, and financial institutions with significant holdings of nonperforming loans.
Firms have since restructured their business lines and improved their financial standing, while the rate of banks' nonperforming loans has been reduced from a peak of above 8 percent to below 3 percent. I think it is fair to say that those impediments have now mostly been removed. II.