Sorting out Japan's financial crisis

Anil Kashyap

Economic Perspectives, 2002, vol. 26, issue Q IV, 42-55

Abstract: This article reports on the size of the Japanese financial crisis (currently estimated to cost taxpayers 24 percent of GDP) and sketches the likely ingredients of a successful solution. The crux is that Japan's banks, insurance companies, and government financial agencies all suffer different problems and require different solutions. But all three sectors are connected, and a failure to tackle concurrently the problems of all three promises to doom any reform plan.

Keywords: Financial crises - Japan; Macroeconomics (search for similar items in EconPapers)
Date: 2002
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