ABSTRACT
We know that the Bank of Japan pricked the bubble in 1989. We have also found, strangely, that it was the Bank of Japan whose actions prolonged the recession. What was it up to? In our search for answers as to how and why Japan was thrown into economic upheaval, it is now necessary to analyze the root cause of the banking crisis and recession of the 1990s-and that lies in the events of the 1980s. We must next determine just who was responsible for the creation of the bubble.
