The Collapse of the 1990s Bubble: Research on the Non-Performing Loan Problem

Author(s)/Editor(s) Written and edited by MURAMATSU Michio
ISBN 4-493-21149-7
Publication Date March 2005

Table of Contents


Section I: Why Non-Performing Loans (NPLs) Have Become a Serious Problem

Chapter 1: Political Analysis of the "Mistreatment" of the NPL Problem
Chapter 2: Perception Gaps and Lags Concerning NPLs and their Structural Causes
Chapter 3: Why the Response to the Asset Price Bubble Was Delayed

Section II: Structure of Forbearance of the NPL Problem

Chapter 4: Structure of Forbearance
Chapter 5: Game Theory Analysis of the 1992 Decisions of Prime Minister Miyazawa and the Ministry of Finance
Chapter 6: Role of the Ministry of Finance and the Bank of Japan in the Financial Crisis

Section III: Macroeconomic Perspective and International Comparisons

Chapter 7: Japanese Fiscal Policies in the '90s: "Stop and Go"
Chapter 8: Japanese NPLs and the Financial Crisis in Sweden: A Comparison

* This publication is in Japanese. An English translation is not available.