Debt-Deflation in Japan

  • Kagehide Kaku
Part of the Studies in Banking and International Finance book series (SBIF)


The current Japanese recession, which started in the spring of 1991, can be characterised by three features.


Asset Price Land Prex Consumer Credit Asset Ratio Household Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Bank of Japan (1992) ‘Recent Developments in Monetary Aggregates - Analysis and Evaluation’, Special Paper, 221.Google Scholar
  2. Bernanke, B.S. ( 1983) ‘Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression’, American Economic Review, 73, 257-76.Google Scholar
  3. Lown, C. and J. Wenninger (1994) ‘The Role of the Banking System in the Credit Slowdown’, in Federal Reserve Bank of New York (ed), Studies on Causes and Consequences of the 1989-92 Credit Slowdown, 69-112.Google Scholar

Copyright information

© Forrest Capie and Geoffrey E. Wood 1997

Authors and Affiliations

  • Kagehide Kaku

There are no affiliations available

Personalised recommendations