The causes of Japan's financial crisis
Introduction: A mere decade ago Japan’s financial system, and especially its banking system, was not only the largest but the strongest in the world. Nine of the world’s top ten banks in asset size were Japanese; the Big Four Japanese securities companies were the world’s largest; and its life and casualty insurance companies were likewise huge. Banks had ample, low cost, deposit funds and the highest credit ratings. The largest were expanding their international operations vigorously, and...[Show more]
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