Koo: Japan Nears End of 25-Year (!) Balance-Sheet Recession

By Paul Kedrosky · June 8, 2010 · ·

It only took … oooh, 2.5 decades, but Richard Koo at Nomura says Japan is finally nearing the other side of its endless balance-sheet recession. The U.S. is at year two of its own credit unwind, so if you see parallels, as many (including me) do, we have a long slog ahead.

Koo 6.8

Related posts:

  1. Richard Koo on Balance Sheet Recessions
  2. Revisiting the Age of Balance Sheet Recessions
  3. Sex! Drugs! (And a Tiny Bit of Off-Balance Sheet Accounting)
  4. Subprime Quote du Jour: Balance Sheet Metaphysics
  5. Recession: Big in Japan