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Answer :
Final answer:
The assertion that interwoven boundaries make credit easier to acquire in Japan compared to the U.S. does not account for Japan's banking crises in the 1990s. The complexities of credit acquisition relate to financial stability, not merely international trade levels or economic interconnectedness.
Explanation:
The notion that it is easier to acquire credit in Japan than in the U.S. because of the interwoven boundaries between banks and trading companies does not take into account the financial struggles these banks faced. During the 1990s, Japan's banks encountered deep financial troubles, and little was done to address these issues by the early 2000s. The interconnectedness of banks and companies, while potentially beneficial in stable economic times, does not necessarily make credit acquisition easier during periods of financial distress.
Moreover, the degree of international trade engagement by a country does not straightforwardly dictate ease of credit. While Sweden's smaller economy has cultivated a high level of trade due to its many trading partners and history of foreign trade, larger economies like the United States and Japan, despite their economic scale, have fewer nearby trading partners and lower levels of trade by world standards. The ratio of exports to GDP in both the United States and Japan is about half of the global average.
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