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Number of Pages 5
This research paper: This is a 5 page paper discussing recent economic policies in Japan and their impact defaulted bank loans. Japan’s backlog of bad loans has reached well over U.S. $421 billion and the Bank of Japan (BOJ), Japan’s current Prime Minister Koizumi and Financial Affairs Minister Takenaka seemed to have only recently realized Japan’s financial crisis yet are hesitating on action which may cause an increase in the deflation rate. Three years ago, the bank loan problems were considered third in regards to the economic instability in Japan while today they are considered as one of the major problems. Many of the problems have involved short term economic policies by Japan which have enabled them to narrowly avert economic downturns over the last three years. Critics have found however that many of the policies were actually deceptive in that they included pay off schemes from one government office, the Resolution Collection Corporation into the Bank of Japan when reported loss of loans. These short terms government policies have led to taxpayer deception, constant criticisms and accusations of using scapegoats within the government. A new found hesitation to implement action regarding defaulted bank loans has led to further negative effects in the international investment community. Bibliography lists 7 sources.
File: D0_TJJapec1.rtf
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