Buyers contine to stand on the sidelines.
Series: Financial Times ; 21 June 1999, 36(1)Publication details: 1999Subject(s): Summary: Japanese banks are sitting on huge property portfolios which they cannot offload. In the 1980s many loans were made backed by land and property collateral. When the bubble burst the banks decided to hang on to the property in hope of a recovery. Discusses the background and concludes that prospects are not good.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | W3524-43 (Browse shelf(Opens below)) | 1 | Available | 101993-1001 |
Japanese banks are sitting on huge property portfolios which they cannot offload. In the 1980s many loans were made backed by land and property collateral. When the bubble burst the banks decided to hang on to the property in hope of a recovery. Discusses the background and concludes that prospects are not good.