A Study On Bad Creditor's Rights Of Japan's Banking

At the beginning of 1990s, after the bubble economy evaporated, the macroeconomy situation of Japan worsenned rapidly, the domestic demand is insufficient, the assets shrink, the price drops continuously, and the nationwide deflation is very serious. Under this background, because a large number of bad creditor's rights are produced rapidly and increasing constantly, the most serious credit crisis since Japan's financial circles fell into after the war, such financial institutions as banks go bankrupt in succession, the state is difficult to recover and economy is in staying cool for a long time. So, study on causes, characters and control countermeasure of Japan's banking bad creditor's rights is an outstanding problem to experts and scholars domestic and abroad. This text launches research on the basis of such thinking too. The thesis divides into six chapters altogether.Chapter one is an introduction, introducting main origin of study, carrying on more comprehensive commentary about the studies on Bank of Japan bad creditor's rights made by academia, and showing research meaning , innovating mainly and weak point of this text, and doing a simple introduction to the structure of the full text.Chapter two is for puting forward question. This chapter expounds concept , classification, actual conditions of Japan's banking bad creditor's rights and the effect it made on economy. We can analyse it from aspects of stock , flow and structure as regarding reality of the bad creditor's rights of Japanese banking.The impact on financial circles of huge bad creditor's rights can't be appraised, it not merely causes reducing of the credit degree of the bank and going bankrupt in succession of financial institution; The more important thing is, it resulted in cherishing the appearance of the phenomenon of the loan , thus bring Japan's economy into vicious circle of deflation—economic depression—bad creditor's rights question is aggravated—more serious deflation.Chapter three probed into various kinds of reasons why the bad creditor's rights of Japanese banking formed mainly, inclouding not only inside reasons, but also external ones and not only system reasons, but also constitution ones. Before explaining these reasons, this chapter describes the general reason why bad creditor's rights form theoretically first.Japan's current monetary system took shape in initial stage after the war. Fromthe point of view of on essence, it was a kind of" restricted payment system " for Japan's financial system after the war, in order to restrain deposit and loan interest rate, financial transaction of bank from divide the work strictly, financial market close, government have heavy intervention nature to finance. After middle period of 1770s, enormous changes taking place in international economic environment and domestic economy financial market, doing not made corresponding adjustment in good time , and just doing some reforms off and on in banking system of Japan that did not really touched the very crux of the original monetary system , has caused the forming of the bubble economy and financial crisis after evaporating finally. This is a large amount of most essential reasons produced of Japan's bad creditor's rights.Chapter four introduced the treatment course of the bad creditor's rights of Japanese banking,and is divided into five stages altogether.The economic depression after the bubble economy evaporated can be regarded as the first stage by the end of 1995, charactered by solving mainly the medium and small financial institution and " live specially " with more outstanding problem. The second stage is 1996-1997 year, this period, as to those medium and small financial institution falling into the financial crisis because of a large number of bad creditor's rights, Finance Ministry solve the problem through advising large bank to amalgamate to it, but take no action to urban banks. After 1997, dealing with bad creditor's rights is third stage. At this moment, Japanese government substituted the mathod of cancelling after verificati...