This is what happens when you lack fundamental controls in any operating structure. Japanese 'postal savings' largely attributed to Japanese Banks having power/muscle to finance investment. In fact it was boasted that Japanese firms didn't have to go 'public' to get funds for growth, they could rely on their Keiretsu's banking interest to help them out...Well with unsecured loans dished out in a speculative real estate market bubble, the crash was bound to happen. It's amazing the hangover Japan still has! Well in reality the entire banking framework has collapsed, and it will take more than Japanese methods to fix it.
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22.10.03
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