yen Net interest-bearing debt (large enterprises) Net interest-bearing debt (SMEs) Cash and deposits (large enterprises) Cash and deposits (SMEs)  180 160 140 120 100 80 60 40 20 0 CY 00  01  02  03  04  05  06  07  08  09  10  11  12  13  14  15  16  17  18  19  20  21  Notes: 1.
Net interest-bearing debt = borrowings from financial institutions + bonds – cash and deposits, based on the "Financial Statements Statistics of Corporations by Industry, Quarterly." 2. Figures exclude finance and insurance, and are 4-quarter backward moving averages. 3.