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Japanese Banks That Bled in a River of Red Ink

In: Banks, Bankers, and Bankruptcies under Crisis

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  • Dimitris N. Chorafas

Abstract

With the collapse of the Osaka-area lenders in September 1995 (chapter 11), Japan’s banking crisis began looking as hairy as America’s Savings and Loans debacle. There was no telling when Japan would break its vicious economic cycle of near-zero economic growth, which by then was in its fourth year. Successive governments tried to boost demand for goods and services by raising public spending, but stimulative spending had lost its punch.

Suggested Citation

  • Dimitris N. Chorafas, 2014. "Japanese Banks That Bled in a River of Red Ink," Palgrave Macmillan Books, in: Banks, Bankers, and Bankruptcies under Crisis, chapter 12, pages 235-252, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-43699-3_12
    DOI: 10.1057/9781137436993_12
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