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Still Bubbling

In: Japan Inc. on the Brink

Author

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  • Susan Carpenter

Abstract

After the bursting of the inflated real estate bubble in 1990 the weaker non-bank financial institutions such as leasing companies and credit associations began to fail. In addition some regional banks also failed. These institutions were closely connected to the large city banks because deposits in the city banks were used to finance loans to clients of local banks. The MOF pressured the metropolitan banks to bail out the banks that were in distress. For example, four major city banks were forced to take over the collapsing Taiheiyo Bank and the Tokai Bank acquired the failing Sanwa Shinkyo Ginko.

Suggested Citation

  • Susan Carpenter, 2015. "Still Bubbling," Palgrave Macmillan Books, in: Japan Inc. on the Brink, chapter 14, pages 241-264, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-46944-1_15
    DOI: 10.1057/9781137469441_15
    as

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