Until now, a lot of Japanese could not buy or rent at Japan's inflated prices, so they ended up living in company dormitories, which was considered a nice perk. But when these laborers lose their jobs, they end up losing the housing that goes with them.
Loss of face is a big humiliation in Japan, but denying the illness only tends to delay the cure.
This leads to invisible bankrupt banks kept alive through accounting gimmicks. Also add invisible Nikkei 225-listed companies, listed even though they hardly trade and at prices below 100 yen. The Japanese boom was achieved by keeping problems under a tight lid, with strong companies shouldering weak affiliates. This way of doing business has been exported all over Asia. Japan is sinking, and the Liberal Democratic Party is describing the water.