日本银行业自我化解不良债权的困难

DIFFICULTIES OF SELF-ELIMINATING BAD CREDITOR'S RIGHTS IN JAPANESE BANKS

雷斯.戈雅和罗纳德.麦金农的负风险溢价理论说明,在流动性陷阱的情况下,日本银行业很难赢利。在此基础上,笔者进一步深入讨论,从实证的角度对该命题予以检验,并得出日本的银行业在当前利率非常低的形势下,无法通过自身的赢利化解巨额不良债权问题。

Rishi Goyal＇ s and Ronald Mekinnon theory of negative risk premium shows that Japan＇ s banks are hard to make profit under the circumstances of liquidity trap. Based on this, the author profoundly approaches the problem, examines the very proposition from the angle of authentic proof, and decides that Japan＇ s banks can not eliminate bad creditor＇ s right and make profits if interest is very low.