Japanese Banks That Bled in a River of Red Ink

Dimitris N. Chorafas

Chapter 12 in Banks, Bankers, and Bankruptcies under Crisis, 2014, pp 235-252 from Palgrave Macmillan

Abstract: Abstract With the collapse of the Osaka-area lenders in September 1995 (chapter 11), Japan’s banking crisis began looking as hairy as America’s Savings and Loans debacle. There was no telling when Japan would break its vicious economic cycle of near-zero economic growth, which by then was in its fourth year. Successive governments tried to boost demand for goods and services by raising public spending, but stimulative spending had lost its punch.

Keywords: Large Bank; Credit Institution; Nonperforming Loan; Financial Conglomerate; Weak Internal Control (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-43699-3_12

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DOI: 10.1057/9781137436993_12

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