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Resource ID: #12530
Business Week looks at Japan's $350 billion bad-loan crisis through the eyes of businessman Hiroshi Asaji. Asaji makes no secret of the fact that he sometimes committed crimes and worked close with the yakuza during the real estate boom in the '80s. The Ministry of Finance blames the yakuza in the post-bubble debt overhang. Japan plans to set up its own version of America's Resolution Trust Corp., with Japanese police backing. (Jan. 29, 1996)
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