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The other bet is that big Japanese companies have at last become serious about restructuring themselves, and will soon become more profitable as a result.
The main reason for rising profits is that many firms are now doing what they have been urged to do by economists and investors for years: restructuring themselves.Falling share prices and other pressures from capital markets have prompted many firms to sell assets, shed excess workers and cut costs.
Christian Reich, global head of discovery informatics at AstraZeneca, shares that his company currently follows this model, although he notes that the trend sees enterprises restructuring themselves to follow one of the other paradigms every few years.
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Instead, they demanded the city authorities restructure themselves.
Several of the Landesbanken have decided to restructure themselves; two announced a merger last month.
Last year, 95 big, publicly owned companies filed to restructure themselves under Chapter 11 of America's bankruptcy code.
In Jim's opinion, unionised companies like GM were starting to wish they'd done more to restructure themselves.
Under the more stringent House bill, roughly three-quarters of the schools would have been required to restructure themselves.
The other big Swedish banks, like SEB and Swedbank, gained enough time and creditor patience from the blanket guarantee to restructure themselves.
"We had hoped that those companies would have made strenuous efforts to restructure themselves in the period before their loans were transferred to Shinsei," he said.
Consider: Western Europe's companies must restructure themselves as the single currency binds national markets more tightly together; emerging countries need investment banks to help them acquire the foreign capital they need to grow.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com