In addition, the rise in repatriated income from overseas business through dividends and interest, which has accelerated partly as a result of the depreciation of the yen, has contributed to the recent improvement in corporate profits. Under this favorable situation in corporate profits, firms’ fixed investment stance has become positive.
Carlos da Silva Costa: The Portuguese banking system – challenges and possible responses Opening note by Mr Carlos da Silva Costa, Governor of the Bank of Portugal, at the 4th Money Conference, Lisbon, 22 November 2019. * * * As prepared for delivery. Good morning, It is with great pleasure that I take part in the 4th edition of the Money Conference.