The banks are better capitalized today than in 2008 to address the crisis. Why remains the sector most beaten of all? There are moments of turbulence in international markets: the lower the credit rating of U.S. your new level "AA +" deepens the global economic slowdown.
On the other hand in Japan's economy minister, Noda, announced today that the government will go to the foreign reserves, the Japan Bank for International Cooperation State for making grants to exporters and foreign purchases.
The Japanese funding program, which lasts a year, aims to encourage "the private sector to exchange yen funds in foreign currencies, by supporting exports of small and medium businesses, securing energy resources and helping Japanese companies to buy foreign businesses. " The announcement came after Moody's downgraded the credit rating of the country at one point, Aa3 with a stable outlook. The strong yen hurts the economy and may aggravate the country's fiscal problems. Moody's said it is unlikely the agency will take action on a negative credit rating over the next 18 months.
The fundamental news to move the markets or act as a catalyst market is still in expectations about what you say on Friday the Fed chairman, Ben Bernanke, when he could at least make it clear that the U.S. central bank is ready to act (some speculate the announcement of QE3).
