Sorting out Japan's financial crisis
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.
Volume (Year): (2002)
Issue (Month): Q IV ()
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- Mitsuhiro Fukao, 2003.
"Financial Sector Profitability and Double-Gearing,"
NBER Chapters,in: Structural Impediments to Growth in Japan, pages 9-36
National Bureau of Economic Research, Inc.
- Mitsuhiro Fukao, 2002. "Financial Sector Profitability and Double-Gearing," NBER Working Papers 9368, National Bureau of Economic Research, Inc.
- Magnus Blomström & Jennifer Corbett & Fumio Hayashi & Anil Kashyap, 2003. "Structural Impediments to Growth in Japan," NBER Books, National Bureau of Economic Research, Inc, number blom03-1. Full references (including those not matched with items on IDEAS)
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