The Bubble Economy: The Japanese Economic Collapse, by Christopher Woods.

Can China learn from Japan''s banking experience? Yes, but it could learn even more about not giving in to US revaluation demands.
March 11, 2005

Like China, Japan has a tradition of state-controlled bank lending for fuelling the economy. Both countries have seen corruption problems in a system where capital is allocated by government banks, instead of through free market mechanisms such as the stock and bond markets.

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