Particularly the smaller national supervisors benefit from the SSM, since on their own they would not be able to participate in all relevant work in an increasingly complex world. Through the SSM, they stay up-to-date and can take part in regulatory developments at the global fora.
The annual growth rate of Japan’s economy declined significantly from around 4.5 percent, on average, in the 1980s to around 1.5 percent in the 1990s, and to less than 1 percent in the 2000s. Even considering that the adjustment process since the 1990s after the burst of the bubble has been grueling, the decline in the economic growth rate has been conspicuous.