Here is the synopsis of our sample research paper on The Impact of Japanese Economic Policies and Indecisions Regarding Defaulted Bank Loans
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Essay / Research Paper Abstract
This is a 5 page paper discussing recent economic policies in Japan and their impact defaulted bank loans. Japan’s backlog of bad loans has reached well over U.S. $421 billion and the Bank of Japan (BOJ), Japan’s current Prime Minister Koizumi and Financial Affairs Minister Takenaka seemed to have only recently realized Japan’s financial crisis yet are hesitating on action which may cause an increase in the deflation rate. Three years ago, the bank loan problems were considered third in regards to the economic instability in Japan while today they are considered as one of the major problems. Many of the problems have involved short term economic policies by Japan which have enabled them to narrowly avert economic downturns over the last three years. Critics have found however that many of the policies were actually deceptive in that they included pay off schemes from one government office, the Resolution Collection Corporation into the Bank of Japan when reported loss of loans. These short terms government policies have led to taxpayer deception, constant criticisms and accusations of using scapegoats within the government. A new found hesitation to implement action regarding defaulted bank loans has led to further negative effects in the international investment community.
Bibliography lists 7 sources.
Page Count:
5 pages (~225 words per page)
File: D0_TJJapec1.rtf
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Unformatted sample text from the term paper:
Financial Affairs Minister Takenaka seemed to have only recently realized Japans financial crisis yet are hesitating on action which may cause an increase in the deflation rate. Three years ago,
the bank loan problems were considered third in regards to the economic instability in Japan while today they are considered as one of the major problems. Many of the problems
have involved short term economic policies by Japan which have enabled them to narrowly avert economic downturns over the last three years. Critics have found however that many of the
policies were actually deceptive in that they included pay off schemes from one government office, the Resolution Collection Corporation into the Bank of Japan when reported loss of loans. These
short terms government policies have led to taxpayer deception, constant criticisms and accusations of using scapegoats within the government. A new found hesitation to implement action regarding defaulted bank loans
has led to further negative effects in the international investment community. Of the many economic problems which have faced Japan in the last several years, the countrys 52.4 trillion yen
(U.S. $421 billion) backlog of bad loans is considered as one of the most significant. Japanese Prime Minister Junichiro Koizumi and the Bank of Japan have also shown a reluctance
to end the policy "logjam" which has made the business community in addition to the International Monetary Fund located in Washington nervous in regards to their investments in Japan (Szep,
2002). Corporations within Japan are also feeling affected by the policies in regards to the bad loans and Nissan Motor Co Ltd President Carlos Ghosn in October 2002 was quoted
as saying "the business community is expecting and waiting for reform, but what worries us today is not so much that this reform is coming, it is the hesitation around
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