Bank runs on credit associations

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• Princes of the Yen whole source · open book

  As this became apparent, a number of shaky credit associations faced full-scale bank runs. The Ministry of Finance and the Bank of Japan were forced to dispatch officials to Aichi Prefecture to reassure residents that their deposits in the local credit union were secure.

  chapter: 7. Japan’s First Bubble Economy

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• Richard Werner author of the source

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• Princes of the Yen: Japan built, bubbled, and broken step 130

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