Property Finance in Japan: Expansion and Collapse of the Bubble Economy
Open Access
- 1 February 1994
- journal article
- research article
- Published by SAGE Publications in Environment and Planning A: Economy and Space
- Vol. 26 (2) , 199-213
- https://doi.org/10.1068/a260199
Abstract
This paper provides an analysis of the recent property boom and collapse in Japan. Central to the analysis is the role of financial institutions in financing the boom. The extraordinary rise in land prices and the land concentration by capital, which were brought about through expansion of property finance, is examined. It is contended that the domination of land markets by finance capital, which was accomplished through urban redevelopment in the 1980s, is not in decline as a result of the collapse of the bubble economy, but is, on the contrary, growing stronger.Keywords
This publication has 3 references indexed in Scilit:
- The Urban Restructuring Process in Tokyo in the 1980s: Transforming Tokyo into a World CityInternational Journal of Urban and Regional Research, 1992
- The Impact of the Minkatsu Policy on Japanese Housing and Land UseEnvironment and Planning D: Society and Space, 1991
- Mali: Land im SahelAfrican Arts, 1989