This week, the effects of the collapsing asset bubble spread as the extent of the damage caused is revealed; Japan’s financial and political leaders scramble to respond, while refusing to admit the scale of the crisis. Plus, the legacies of the bubble era for Japan today.
Sources
This chapter by Dr. Ohno Kenichi of Japan’s National Graduate Institute for Policy Studies on the bubble and its effects
Nakaso Hiroshi’s paper on the financial crisis and its effects during his BOJ tenure
A New York Times article on nostalgia for the bubble era.
Tett, Gillian. Saving the Sun
Images