TY  - GEN
AU  - Amyx, Jennifer Ann
TI  - Japan’s financial crisis: institutional rigidity and reluctant change
SN  - 9780691128689
U1  - 332.10952 
PY  - 2004///
CY  - Princeton
PB  - Princeton University Press
KW  - Finance
KW  - Finance - Japan
KW  - Financial crises - Japan
KW  - Banks and banking - Japan
N1  - Includes bibliographical references (p. 341-359) and indexes
N2  - At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later
ER  -