BIS central bankers’ speeches  From a political perspective, this means that we cannot rely on financial markets to fix structural political problems. For example, if it is felt that the income of low income households is growing too slowly, it is not enough to simply rely on credit institutions to finance investments in the hope that this will create jobs.
Housing investment is declining and public investment is also about to decrease since the implementation of the supplementary budget for fiscal 2000 has peaked out. Net exports (real exports minus real imports) continue to decrease, reflecting not only a slowdown in overseas economies but also sluggish demand for IT-related goods. Business fixed investment has started to decrease while exporting conditions continue to deteriorate.