Big Bang, Bailouts and Bank Failures : A Study of Japanese Government Intervention During the 1990’s Banking Crisis and Parallels with the 2007-09 US Subprime Mortgage Crisis
The current financial crisis the US and the world finds itself embroiled in has all of the markings of a once-in-a-generation type of economic contraction. In times like these, it is natural to search for comparable frames of reference; Japan’s own banking crisis during the “lost decade” of the 1990’s provides significant parallels to the current state of affairs. Given the severity and relative r