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The effort to stabilise the financial system in Japan- an outline and the characteristics of the programme for financial revival

Yoichi Matsubayashi ()

Working Papers from Bruegel

Abstract: This Working Paper provides an overview of the Programme for Financial Revival announced in October 2002 in Japan. The programme aimed to dramatically reduce the large amount of non-performing loans that remained until the end of the 1990s. In addition to solving the problem of bad loans, the Programme for Financial Revival aimed to build a strong financial system. For this purpose, the programme comprised three pillars- 1) creation of...

Date: 2015-03
New Economics Papers: this item is included in nep-mon
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