In order to continue to innovate in the monozukuri system, it is vital to maintain a system that can respond immediately and flexibly to changes in the situation. That said, we should continue to carefully monitor developments in foreign exchange and global financial markets from the standpoint of whether they will cause irreversible shifting of the monozukuri system to overseas locations. III.
In Trinidad and Tobago, our banking system has maintained high mortgage approval standards, in part by restricting loan to value ratio between 75-80 percent (no subprime mortgages here) and has contained its exposure to falling real estate prices by limiting the share of these loans in its portfolio to 20 percent. What about our insurance companies…. What is the health of our insurance sector?