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Balance Sheet Positions and Spending Behavior 82
Gross Domestic Product at 1985 Constant Prices 197095
Comparison of Four Cyclical Downturns
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1/2 percent 21 major banks agreement announced asset price automobile average balance sheet Bank of Japan bilateral billion bond bond-financing ratio capital ratio CCPC Chart consumption decline deficit excluding social deregulation deutsche mark developments downturn economic equity prices European Union exchange rate excluding social security expenditure FILP financial institutions fiscal foreign growth households I I I imports increase indices interest rates Japanese Jusen liabilities measures Nikkei nonfinancial enterprises nonperforming loans O'OOT O'OOT O'OOT offset OOOT payments pension Percent change percent in 1994 percent in FY percent of GDP percentage point problem loans public investment purchases quarter of 1994 recent reduction reflecting reform result revenue short-term shunto staff estimates surplus Tankan tax cut Tier 2 capital trade trillion U.S. dollar United Uruguay Round