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Could a bubble economy occur again?

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Keio University Prof. Keiichiro Kobayashi spoke about the mechanisms and historical background of the bubble economy during an interview with The Yomiuri Shimbun. The following are excerpts from the interview.

‘Sell high’ expectation

The Yomiuri Shimbun: How did past bubbles occur?

Kobayashi: It’s been 20 years since November 1997, when a financial crisis began and Hokkaido Takushoku Bank and Yamaichi Securities Co.........

© The Japan News