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Tres Knippa

The Coming Debt Crisis in Japan

Tres Knippa

In 1992 Japan’s real estate bubble popped.  The Nikkei dropped 75% off its highs and the commercial real estate market dropped 85% from peak to trough.  What did Japanese policy makers do in response?  They lowered interest rates to zero, launched round after round of “Quantitative Easing” (monetization of debt), spent large amounts of yen in a series of economic stimulus measures, and amassed government debt to do it.  Is this story sounding familiar yet?

Tags: 
Japan
Real Estate
Tres Knippa