NAKAMURA, JUN-ICHI; FUKUDA, SHIN-ICHI - In: Global Journal of Economics (GJE) 02 (2013) 02, pp. 1350007-1
The Japanese economy experienced prolonged recessions during the 1990s and the 2000s. Until the early 2000s, evergreen … lending to "zombie" firms had distorted market discipline in terms of stabilizing the Japanese economy. Even though a majority …