Although the recapitalization of state-owned banks, where worsening capital adequacies are feared, is an issue that should in principle be addressed through fiscal measures, the Bank of Korea has decided to also take part in this project, as a precaution against financial system instability.
The U.S. economy has been recovering at a moderate pace, supported by a massive stimulus package of 780 billion U.S. dollars. European economies overall are also picking up – although there are some differences across countries – led by increases in exports and production partly due to a decline in their currencies.