Banks should be forced to fund themselves with a lot more equity and other risk capital—possibly using bonds that automatically convert to equity when trouble strikes.

银行应该被强制要求在融资时大幅度提高股本和其他风险资本的金额——也许利用那些在遇到状况时能够自动转化为股本的债券。

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Also, the credit crunch has made it harder to sell bonds to fund longer-term capital projects such as roads and schools.

同时，信贷危机导致用于道路、学校等中长期项目的债券发售工作变得更加困难。

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These vehicles take loans, issue bonds or pool capital with private firms to fund infrastructure projects, including housing.

ECONOMIST: China's property market: Home truths | The

Ben Heller, a portfolio manager at New York hedge fund Hutchin Hill Capital, which owns both Greek bonds and CDS, said that means the swaps aren't doing their job.

WSJ: Greek Deal Highlights Flaws in Default Swaps

Most companies said the bonds issued so far were meant to refinance existing borrowings rather than fund fresh capital investment, which would have been a stronger signal that Abenomics is working.

WSJ: Japan Corporate Bond Issuance Jumps to 3-Year High