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20世纪90年代初,日本资本市场泡沫全面破裂,房地产和股票市场大幅下跌,从那时起整个经济陷入了十余年的衰退。在此期间,僵尸企业出现了两次。第一次是在衰退初期,大量经营房地产、建筑的公司受房价下跌影响出现经营困难,部分倒闭,部分获得外部融资支持成为了僵尸企业。为这些僵尸企业提供融资的机构本身成了僵尸金融机构。为世人所熟知的僵尸金融机构就是本文的主角——“住专”。第二次是2000年以后,这次的僵
In the early 1990s, Japan’s capital market bubble burst completely and real estate and stock markets plunged. Since then, the entire economy has been in recession for more than a decade. During this period, the zombie business appeared twice. For the first time, in the early days of the recession, a large number of real estate developers were involved. Construction companies were hit by falling house prices with operational difficulties, partial closures, and partially external financing support as part of a zombie enterprise. The institutions that finance these botnets have themselves become zombie financial institutions. The world famous zombie financial institutions is the protagonist of this article - “residence specialist ”. The second is after 2000, this stiff