The Rise and Fall of Abacus Banking in Japan and China
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Complacency is dangerous, especially in a rapidly changing world. For
decades, Japanese bankers were complacent with a rapidly growing
economy and with cozy relationships with government bureaucrats who
pursued policies that virtually eliminated traditional banking risks.
Rapid economic growth, for instance, provided a steady flow of deposits,
which in turn financed corporate expansion. Rapid economic growth fur-
ther fueled corporate profits and asset inflation that made the repayment
of loans almost...
Nội dung trích xuất từ tài liệu:
The Rise and Fall of Abacus Banking in Japan and China
Nội dung trích xuất từ tài liệu:
The Rise and Fall of Abacus Banking in Japan and China
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