Journal Article
Sorting out Japan's financial crisis
Abstract: 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.
Keywords: Financial crises - Japan; Macroeconomics;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2002
Volume: 26
Issue: Q IV
Pages: 42-55