Unpacking Japan's NPL Market: Insights & Implications for China

Dive into Japan's complex landscape of non-performing loans (NPLs) and its real estate market, where residential property prices still lag behind 1990s peaks. Explore the challenges of an aging population, zombie banks, and the implications of Japanification for China. We dissect the interplay of deflation, stagnant private investments, and exorbitant government debt while examining the lessons from the Great Depression. Join us as we analyze the current cycle of Japan's real estate and uncover potential pathways for recovery and growth amidst economic uncertainty.