Franklin

Japanese Banks and the Asset Price ""Bubble"" [electronic resource] Fries, Steven M..

Author/Creator:
Fries, Steven M.
Publication:
Washington, D.C. : International Monetary Fund, 1993.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 93/85.
IMF Working Papers; Working Paper No. 93/85
Format/Description:
Government document
Book
1 online resource (52 p.)
Local subjects:
Access to international capital.
Accounting period.
Adequate disclosure.
Asset markets.
Bank capital.
Bank capital regulation.
Bank credit.
Bank customer.
Bank deposits.
Bank for international settlements.
Bank guarantee.
Bank guarantees.
Bank law.
Bank lending.
Bank loans.
Bank of england.
Bank of japan.
Bank profitability.
Bank profits.
Bank risk.
Bank risk taking.
Bank shareholders.
Bankers.
Bankers associations.
Banking.
Banking accounts.
Banking activities.
Banking crisis.
Banking industry.
Banking market.
Banking practices.
Banking relationships.
Banking system.
Bankrupt.
Bankrupt companies.
Banks asset.
Banks assets.
Banks loan.
Bond.
Bonds.
Capital regulation.
Clearing system.
Deposit insurance.
Deposit rate.
Deposit rates.
Discount rate.
Dividend policy.
Domestic financial markets.
Financial assets.
Financial economics.
Financial fragility.
Financial innovation.
Financial institutions.
Financial liberalization.
Financial market.
Financial markets.
Financial resources.
Financial sector.
Financial services.
Financial statements.
Financial system.
Foreign exchange.
Government bond.
Government bonds.
Interest rate deregulation.
Interest rate fluctuations.
International capital.
International capital markets.
International finance.
International financial statistics.
Liberalization of capital flows.
Liquidity support.
Long-term bonds.
Money market.
Money market certificates.
Net interest margin.
Nonperforming loan.
Segmentation.
Shareholder equity.
Stock index.
Stock market.
Stock market capitalization.
Stock markets.
Stock prices.
Stock purchases.
Subordinated debt.
Term bonds.
Tier 1 capital.
Tier 2 capital.
Working capital.
Japan.
Summary:
With the recent collapse of the asset price “bubble,” Japanese banks encountered significant pressure from both a sharp decline in the value of equity holdings and a marked increase in bad loans. In August 1992, the Government initiated measures that stabilized equity prices and assisted banks in managing their nonperforming loans. While the major banks disclosed that 4.6 percent of their total loans were nonperforming at the end of FY 1992, a mechanical estimate of all banks’ nonperforming and restructured loans is 6-7 percent of their total loans--a serious yet manageable problem. The main policy implications are to ensure the reasonably prompt resolution of the bad loan problem and to enhance market discipline to prevent its recurrence.
Notes:
Description based on print version record.
Contributor:
Fries, Steven M.
Other format:
Print Version:
ISBN:
1451954301:
9781451954302
ISSN:
1018-5941
Publisher Number:
10.5089/9781451954302.001
Access Restriction:
Restricted for use by site license.
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