International cooperation in monitoring FinTech trends would be highly beneficial; assessing the material nature of the risks arising from FinTech is a difficult task because of the lack of data and experience.35 The FSB is monitoring developments of FinTech in its annual review of non-bank finance, and has just released a report on decentralised technologies.36 Collaboration with the industry can be very useful.
The worldwide decline in demand for ICT-related goods caused a significant fall in exports and production in Japan from early 2001. This led to adjustments in the corporate sector, as seen in a decrease in corporate profits and business fixed investment.