Publication Type

Journal Article

Publication Date

1-2004

Abstract

The collapse of the Japanese asset price bubble in the 90's left a record amount of non-performing loans in the nation's financial system. To tackle this unprecedented crisis, both legal scholars and practitioners in Japan advocated for a series of amendments to its secured transaction law to facilitate the enforcement of mortgages by banks. In this paper, based on the state of the post-bubble real estate finance market, I discussed the major drawbacks of the existing Japanese secured transaction system as it was applied in the real estate arena. I commented on the proposed material amendments to the Japanese secured transaction law and further considered what the Chinese legislators could learn from Japan's experience.

Discipline

International Law

Research Areas

Law of Transnational Business

Publication

Peking University Law Review

Volume

5

Issue

2

First Page

1

Last Page

19

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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