Jump to content
House Price Crash Forum
Sign in to follow this  
the partisan

Zombies Once Destroyed Japan’S Economy—Now They’Re Infecting China’S

Recommended Posts

A very well written article comparing China to 1980s Japan. The similarity of the Japanese monetary policy which led to the crash to the British monetary policy is also rather worrying.

http://qz.com/198458/zombies-once-destroyed-japans-economy-now-theyre-infecting-chinas/

By the 1990s, the remarkable success of Japan‘s economic growth model inspired confidence among both Japanese and foreigners that “Japan is different.” Many took the fact that the government had allowed no Japanese bank to fail since 1945 as a sign of strength. Because housing prices had risen every year except one since World War II, few believed they could fall. Finally, most people in and out of Japan accepted that superior government management, rather than ultra-low borrowing costs, was responsible for Japan’s industrial resilience. Underlying all these notions was the assumption that the government ultimately guaranteed loans.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 404 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.