The feeling is growing that we should re-order our priorities and move away from the single-dimensional model which has viewed economic performance only in terms of growth (GDP), without really considering the social and environmental sustainability of our growth. 46.
Looking at the foreign currency denominated balance sheets of major Japanese banks, for approximately six months preceding last October, they actually increased their assets, including an increase of 33 billion U.S. dollars in overseas loans.4 On the liabilities side of the balance sheet, there was a decrease of 62 billion dollars in CP and CD issues, which was more than compensated for by an increase of 67 billion dollars in client-related deposits, reflecting banks' efforts to build up stable funding sources, and an increase of 26 billion dollars in repo funding.