Japanese Banks and the Asset Price ""Bubble"" [electronic resource] Fries, Steven M..
- Washington, D.C. : International Monetary Fund, 1993.
- IMF eLibrary
IMF Working Papers; Working Paper No. 93/85.
IMF Working Papers; Working Paper No. 93/85
- Government document
1 online resource (52 p.)
- Local subjects:
- Access to international capital.
Bank capital regulation.
Bank for international settlements.
Bank of england.
Bank of japan.
Bank risk taking.
Domestic financial markets.
Interest rate deregulation.
Interest rate fluctuations.
International capital markets.
International financial statistics.
Liberalization of capital flows.
Money market certificates.
Net interest margin.
Stock market capitalization.
Tier 1 capital.
Tier 2 capital.
- 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.
- Description based on print version record.
- Fries, Steven M.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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