
The developed world's laboratory for what happens after an asset bubble bursts: three decades of balance-sheet repair, cross-shareholdings and, more recently, a genuine governance reform that has changed the equity case.
How Japan's trade ministry steered industry from 1925 to 1975.
Balance-sheet recessions: firms repay debt instead of borrowing, so rate cuts fail.
Recommended by: Mohnish Pabrai
What Japan's institutions had solved that America had not, and what to learn.
Japan's asset bubble and its deflation, written as it happened in 1992.
Japan's banking collapse told through Long-Term Credit Bank's failure and sale.
Recommended by: Mohnish Pabrai
Japanese firms after 1990 moved into hidden upstream niches rather than stagnate.
A contested but influential reading of the Bank of Japan's credit guidance.
Recommended by: Patrick Collison