Other income (column 5) decreased by € billion owing to a one-off effect in the previous year when other income increased by € billion owing to the partial derecognition of Deutsche Mark banknotes of the BBk III/IIIa series. Administrative expenditure, which is summarised in the next column, i.e.
In most cases in Asia – Japan being an exception – the rise in activity along the upward part of the “V” has now been seen and the pace of growth has to moderate if overheating is to be avoided.