The main reason I have maintained this outlook is that while the additional economic measures to be introduced by the government will likely raise the economic growth rates for fiscal 2014 and fiscal 2015, I believe that at present this positive effect may be offset by other countervailing factors – namely, the moderate recovery pace of real exports and industrial production.
One approach could involve imposing penalties or restrictions on financial firms based on factors such as the correlation of their strategies with those of other firms or by limiting risk exposure to individual counterparties. Policies are on the drawing board to ensure that institutions avoid undue reliance on shortterm debt and have adequate liquidity in market downturns.