Japan On The Upswing: Why the Bubble Burst and Japan's Economic Renewal by Yoshiyuki Iwamoto - 2006-04-02

Algora Publishing. Used - Very Good. Used book that is in excellent condition. May show signs of wear or have minor defects.

US: Algora Publishing, 2006. Very Good. A copy that has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Japan's effervescent economy, charging ahead in the late 1980s under the stimulation of a 2.5% prime rate, shook American confidence...until the bubble burst in 1989, leaving banks saddled with over $200 billion in bad loans. Iwamoto shows how and why the lenders racked up all this uncollectible debt, who took advantage of whom, and how actions by business and government officials contributed to the crisis. Along the way, his illustrative examples share some of the flavor of business life in Japan including the academic cliques and mobster clans, the after-hours camaraderie, and the legendary "entertainment" that was used to evade inspections by the Ministry of Finance. The author then describes Prime Minister Kozumi's initiatives that halved the bad loans by March 2005 and inspired foreign investors to bring back… Read More

paperback. Good. Access codes and supplements are not guaranteed with used items. May be an ex-library book.

Algora Pub, 2006. Paperback. New. 234 pages. 8.75x6.00x0.75 inches.