This week, we’re returning to the era of the bubble economy and its aftermath with an up close look at the failure of one of Japan’s most prominent banks: the Long Term Credit Bank of Japan, or LTCB. First: how did LTCB dig itself so deeply into an economic hole?
Tett, Gillian. Saving the Sun: How Wall Street Mavericks Shook up Japan’s Financial World and Made Billions
Itoh, Masanao, Ryoji Koike, and Masato Shizume. “Bank of Japan’s Monetary Policy in the 1980s: A View Perceived from Archived and other Materials.” IMES Discussion Paper Series.
If you enjoy dark humor, this NYT piece on EIE and LTCB’s relationship from 1991 is amusing in light of what would come later.