Developments in Land Prices and Bank Lending in Interwar Japan: Effects of the Real Estate Finance Problem on the Banking Industry
نویسنده
چکیده
This paper is a revised English-language version of the author’s report at a workshop, “Asset-Price Fluctuations and Policy Responses: Experiences of Interwar Japan,” held by the Institute for Monetary and Economic Studies (IMES), Bank of Japan (December 20, 2001). The author has received many valuable comments from workshop participants, including Professor Masanao Ito of the University of Tokyo and Professor Kazuo Ogawa of Osaka University. Nevertheless, the views expressed in this study are solely those of the author and do not necessarily reflect those of the Bank of Japan or IMES. MONETARY AND ECONOMIC STUDIES/OCTOBER 2002
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