日本银行的信贷扩张及其危机效应

通常人们将日本银行的坏账和不良资产问题归咎于日本的泡沫经济以及东南亚的经济危机．而在具体、现实的解释上，日本银行自身经营的失败和机制的缺陷才是最重要、最直接的危机成因，对日本银行信贷扩张历程的分析展现了日本银行不良资产困境及其危机效应的形成过程。

The Credit Expansion of Japanese Banks and Its Crisis Effects

It is usually argued that the bad debts and non-performing assets of Japanese banks are due to the bubble economy of the country and the economic crisis of the Southeast Asian countries. However, a more practical and realistic interpretation of the problem would show that the operational failure and the flaws in the system of the Japanese banks are the most important and direct factors that have caused the crisis. An analysis of the history of the credit expansion of the Japanese banks would reveal the non-performing asset plight of Japanese banks and formation process of their crisis effects.