Labor market approaching full employment with sluggish wage growth  Regarding the second feature, both Japan and the United States continue to enjoy a sustained recovery in employment.
If there are not enough private funds to fill any capital shortfalls identified, the state in question will be obliged to provide a “backstop”. As a last resort, the government is to recapitalise banks, issue guarantees or take on risks. However, this government support is subject to strict conditions. The bank must be solvent, and the support must not offset any accrued losses.