boj minutes, 2002-01-16
This member pointed out that one of the reasons for this view was that the adjustment of over-lending in Japan was likely to be completed by a further reduction of banks' lending outstanding by about 25 trillion yen, taking the ratio of banks' lending outstanding to nominal GDP in the early 1980s before the bubble as an indication of the appropriate level of their lending outstanding.
Sentiment: neutral
Topic: mp_economic_activity