However, from the long-term perspective, unless the lending rates are set in an economically rational manner, the lending attitude of financial institutions cannot be aggressive and consequently it is hard to achieve a sustainable economic growth. C.  Weakening Sentiment  The third reason for the deflationary trend in Japan is weakening sentiment.
Along with these efforts to improve disclosure by the public sector and private market participants, the CGFS is expending considerable resources to improve statistics on international financial markets. For example, the BIS and national central banks, following a recommendation in a 1995 report by the Committee, launched a comprehensive market survey of global derivatives markets, the first in 1995 and the second in 1998.