The U.S. Financial Crisis: Lessons From Japan
Abstract
Japan's five bank bailout packages in the late 1990s may hold some lessons for the United States. Most of the packages were administered by the Deposit Insurance Corporation of Japan (DICJ). The packages had an announced value of $495 billion. The DICJ reports that it provided $399 billion to Japan s troubled financial institutions of which it has recovered $195 billion. Overcoming the crisis in Japan s banks took a combination of capital injections, new laws and regulations, stronger oversight, a reorganization of the banking sector, moderate economic recovery, and several years of banks working off their non-performing loans. This report will be updated as circumstances warrant.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 29, 2008
- Accession Number
- ADA487108
Entities
People
- Dick K. Nanto
Organizations
- Library of Congress