On the ensuing first business day, September 16, Lehman Brothers' Japan affiliate applied to the Tokyo District Court for the civil rehabilitation procedure, and the court decided on the start of the procedure on September 19. The Bank of Japan implemented measures as a central bank to secure financial system stability.
We have had the difficult balancing act of trying to tell foreigners that the economy is not as good as they think it is, so stop sending us so much capital, while at the same time trying to convince the locals that the economy is not as bad as they think it is. Now that’s a real dilemma!