Asset prices collapse and the bust begins

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• Princes of the Yen whole source · open book

  Between January 1990 and December 1994, stock and land prices halved. Many companies and individuals who had borrowed money to purchase land speculatively found themselves unable to service their debts, let alone repay the principal.

  chapter: 9. The Great Yen Illusion: Credit Bubble and Bust

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• Richard Werner author of the source

Appears in 3 stories

• Japan's asset bubble: credit orders, land, stocks, and the Nikkei step 26
• Princes of the Yen: Japan built, bubbled, and broken step 198
• The lost decade: credit crunch, stimulus, and broken banks step 1

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