boj minutes, 2002-02-08
On this basis, a few members noted that there was a limit to the extent to which liquidity provision alone could solve the present problems, since the essential problems of Japan's economy were not an insufficiency of liquidity but (1) the increase in credit risks of firms and financial institutions, (2) a potential insufficiency in their capital bases, and (3) inability to establish new business models.
Sentiment: neutral
Topic: mp_interest_rate