Part of that was also because the Japanse Mafia stopped paying on a lot of those loans and when the…

… debt contracted for years before finally stabilizing. Compounding this was the fact that the banks kept extending new loans to otherwise bankrupt companies (a.k.a. zombie companies) in order to not have to take a write off and the accompanying loss. These loans kept many of these inefficient and badly run companies alive, which both depressed prof…
The Greatest Bubble Of Our Time — Japan’s Bubble And Burst
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Tony Yiu
Steve B Howard NOVELIST
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Aug 23, 2021
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Part of that was also because the Japanse Mafia stopped paying on a lot of those loans and when the banks tried to collect they received death threats or worse.
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Written by Steve B Howard NOVELIST4.3K Followers
·7.7K Following
Atheist. Spewer of sometimes interesting and entertaining gibberish. https://www.amazon.com/Steve-Howard/e/B00WQX1D96?ref_=dbs_p_ebk_r00_aba
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