The Japanese Banking Crisis.

• Author: Himino, Ryozo.
• Place / Publishing House: Singapore : : Springer Singapore Pte. Limited,, 2021.; ©2021.
• Year of Publication: 2021
• Edition: 1st ed.
• Language: English
• Physical Description: 1 online resource (127 pages)

Table of Contents

Intro -- Contents -- About the Author -- List of Figures -- List of Tables -- 1 Introduction -- Financial Cycle and Business Cycle -- Learning from Mistakes -- Five Phases in the Japanese Financial Cycle of 1986-2004 -- References -- 2 Bubbles -- Export-Led Growth Strategy Reaching an Impasse -- Expanding Domestic Demand -- Financial Deregulation -- Bankers' Existential Threat -- Bubbles -- What Japan Gained and Lost -- References -- 3 Pricking Bubbles -- Monetary Policy -- Prudential Policy -- Tax, Land, and Fiscal Policies -- Clean or Lean? -- Too Little, Too Late? -- In Hindsight -- References -- 4 In-Between Years -- Estimating the Size of the Problem -- Catch 22 -- The Finance Ministry's Choice -- The Bank of Japan and the Prime Minister -- Orderly Resolution Without Bailout11 -- References -- 5 Crisis -- Political Leadership -- Capital Injections and Raids on Regulators -- Summer 1998 -- Evolution of Resolution Approaches -- Disclosure, Provisioning, and Corrective Actions -- New Supervisory Culture -- Credit Crunch, Recession, Bankruptcy, Unemployment, and Suicide -- Moral Hazard and Firefighting -- References -- 6 Restructuring Banks and Borrowers -- Resolving Bad Loans -- Resolving Banks -- Restructuring Borrowers -- Labor Market Adjustments -- How Much Did It Cost? -- What if the Immediate Clean-Up Option Had Been Chosen in 1992? -- References -- 7 What Japan Gained and Lost -- References -- Index.