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What really caused Japan's Lost Decade? | 54 comments (54 topical, editorial, 0 hidden)
Re: What really caused Japan's Lost Decade? (none / 0)
Capital in the financial sense.

Assets are still overcapitalised as we know since asset prices have dropped but deleveraging hasn't been allowed to run its course because too many well-connected people and institutions would go bankrupt.

The brainless should not be in banking -- Willem Buiter

by Carrie (migeru at eurotrib dot com) on Wed Mar 24th, 2010 at 11:19:58 AM EST
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What really caused Japan's Lost Decade? | 54 comments (54 topical, 0 editorial, 0 hidden)
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