We look forward to building the trans-Tasman regulatory community based on the principles of cooperation and harmonisation. But, we will also work diligently to continue developing the capacity to preserve New Zealand's systemic financial interests. BIS Review 20/2005  5  Conclusion Overall, the strong presence of foreign banks has brought many benefits to New Zealand in terms of soundness and efficiency.
Economic Developments  Corporate Sector in Japan (3) Real Exports and Imports 120  s.a., CY 2015=100  (4) Industrial Production  s.a., % of real GDP  10  110  8  100  6  90  4  80  2  70  0  60  -2  Real trade balance (right scale) Real exports (left scale)  50  120  s.a., CY 2015=100  110  100  Production  90  Inventories  -4  Real imports (left scale)  40 CY 06  -6 08  10  12  14  16  18  Note: Based on Bank staff calculations.