In this regard, corporate financing based upon an accurate evaluation of risk and return is all important. Although the term may still be somewhat new, what we are talking about here is the establishment of a “credit culture.” It is this that I believe to be the crucial issue facing Japanese corporate finance today.
Although not perhaps comprehensive solutions, from a strategic viewpoint I would like to emphasize the significance of the following two points. First, it is vital to establish an infrastructure to facilitate the use of information.