Sharp reduction in Japanese credit creation begins

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• Princes of the Yen whole source · open book

  It further demonstrated that the cause of Japan’s recession has been the sharp reduction in credit creation that began in 1992 and was triggered by the bad debts in the banking system.

  chapter: Appendix: Japanese Fiscal and Monetary Policies in the 1990s

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• Richard Werner author of the source

Appears in 3 stories

• Paper money, central banks, and credit creation step 46
• Princes of the Yen: Japan built, bubbled, and broken step 224
• The lost decade: credit crunch, stimulus, and broken banks step 13

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