Japanese Economy, 30 (6), 2002, 61-87 https://doi.org/10.2753/JES1097-203X300661
Publication year: 2002

The purpose of this article is to discuss the paper by Anil K. Kashyap on Japan’s financial crisis (Kashyap 2002). The reader is advised to read Kashyap’s paper in parallel with this discussion, which closely follows the structure of his paper. Comments on Kashyap’s statements are made in chronological order, and using Kashyap’s section headings.