Softbank served as the driving force behind the opening on Monday of a new stock market, Nasdaq Japan. However, there have been concerns that the new market will be used to list the stocks of Softbank affiliates and serve as a private stock market for the group. Softbank has also been criticized for offering the shares of its group's companies to the public. We meet every day to try to reach a final agreement. Although we have to resolve various matters, including the issue of bad loans, the most important point is to ensure that failed companies who strongly resent the former NCB for leading them to bankruptcy do not transfer those feelings of enmity to us.
Reserves are merely an issue of money, but a grudge can last for a century.
We will try to introduce a new type of bank in Japan that will not provide loans depending on the amount of collateral, including real estate. Instead it will decide to provide loans based on prospective borrowers' expectations of their cash flows and their plans for their businesses. We would like to receive high returns by having a stake in venture businesses through lending them money. There have been concerns that the new bank may become Softbank's own institutional bank. It is likely that such concerns will arise as many businesses will enter the banking sector and basic rules of the banking industry may be violated.