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Nonperforming Loans Versus Economic Recession

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  • Koichi Hamada

Abstract

The Japanese public hopes the administration of Junichiro Koizumi remains firmly committed to structural reform of the Japanese economy, and eagerly anticipates the realization of his reform agenda. People are aware of the gross inefficiencies in the public sector as well as the private sector, where nonperforming loans have afflicted banks and their corporate borrowers. Regardless of economic conditions, it is necessary to reduce these gross inefficiencies by improving the incentives facing economic actors and institutions.

Suggested Citation

  • Koichi Hamada, 2002. "Nonperforming Loans Versus Economic Recession," Japanese Economy, Taylor & Francis Journals, vol. 30(1), pages 8-21.
    • Handle: RePEc:mes:jpneco:v:30:y:2002:i:1:p:8-21
    DOI: 10.2753/JES1097-203X30018
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