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Dubroff: Evergrande unraveling has some echoes of Japan’s 1990s economy

By   /   Friday, October 1st, 2021  /   Comments Off on Dubroff: Evergrande unraveling has some echoes of Japan’s 1990s economy

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Those of us with long enough memories will recall how the bursting of the Japanese property bubble in the early 1990s had a profound impact on California’s economy. Japanese investors sold flagship property holdings like Pebble Beach Golf Links, along with countless commercial buildings. Weakened Japanese banks went through a series of mergers and their…

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