springhill group seoul news - BOJ official sees China for facing financial crisis
posted by hannahbrooklyn 36 days ago under springhill group seoul, boj official sees china -in danger zone-for fac
Bank of Japan deputy governor said on Tuesday, warning that China is now entering a "danger zone" in this regard.
Kiyohiko Nishimura, one of the BOJ's two deputy governors and a former university professor with expertise on data analysis, noted that there were similarities between Japan's asset-price bubble of the 1990s and the U.S. housing market bubble of the 2000s. In both cases, when the ratio of working-age people to the population peaked at a time of high property prices and sharply rising loans, these coinciding conditions led to "malign" bubbles that spawned a financial crisis, he said. » springhill group seoul news - BOJ official sees China for facing financial crisis |
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