Bubble lending reaches 27 percent of all bank loans
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- Princes of the Yen whole source · open book
In total, “bubble” loans already summed up to 27 percent of total loans, an absolute sum of ¥98.9 trillion or 25 percent of 1989 nominal GDP.
chapter: 9. The Great Yen Illusion: Credit Bubble and Bust
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- Richard Werner author of the source