Recent empirical work suggests that the BoJ hike will turn an additional 45,000-60,000 Japanese firms into zombies. The Zombie Apocalypse is just getting started in Japan. 🇯🇵 https://t.co/Iba9GuJFPw #BoJ #ZombieFirms #JapanEconomy #JP
Japanese zombie firms are starting to crack under the pressure. These bankrupt firms rely on low borrowing costs because they are not profitable enough to meet interest repayments. They make up 15-20% of total firms. 🇯🇵🪦 https://t.co/i9coJCwrgh #Japan #ZombieFirms #Economy #JP
