但随着北美欧洲由于信贷危机所引发的资金短缺而手足无措,使供应链陷入一片混乱之时,日本商事模式似乎有其称赞之处。
But as the credit crunch causes firms in America and Europe to flounder for lack of funds, throwing supply-chains into disarray, Japan's trading-company model seems to have some merit.
银行所遭受的信贷紧缩没有任何明显的改善迹象。
The credit squeeze that has plagued Banks did not show any significant improvement.
莫利纳罗还说,它的公司可以很轻松地使用金融工具消除或是对冲贝尔斯登自身信贷价值变化所产生的影响。
Mr. Molinaro added that his firm could have easily used financial instruments to cancel out, or hedge, the impact of any change in the value of Bear's own credit standing.
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