What the U.S. Can Learn From Japan's 'Lost Decade'

Story date: 2008-03-13 06:16:00
Added on: 2008-03-13 21:00:57

NPR News - It was not until the late 1990s that the Japanese government stepped in and began forcing banks to come clean about bad loans. By contrast, U.S. banks have already swallowed large write-offs for losses on subprime mortgage deals.


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