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The Rise and Fall of Abacus Banking in Japan and China
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Complacency is dangerous, especially in a rapidly changing world. For decades, Japanese bankers were complacent with a rapidly growing economy and with cozy relationships with government bureaucrats who pursued policies that virtually eliminated traditional banking risks. Rapid economic growth, for instance, provided a steady flow of deposits, which in turn financed corporate expansion. Rapid economic growth fur- ther fueled corporate profits and asset inflation that made the repayment of loans almost. | The Rise and Fall of Abacus Banking in Japan and China Yuko Arayama Panos Mourdoukoutas QUORUM BOOKS The Rise and Fall of Abacus Banking in Japan and .