Kamezaki on the causes of the crisis

Hidetoshi Kamezaki, a member of the Bank of Japan's board, said economies and financial markets are constantly changing due to the expansion of the market economy and globalisation.

Speaking at a meeting with business leaders in Kagawa, Kamezaki noted: "Common factors behind the emergence of previous economic bubbles that have been highlighted include accommodative financial conditions, rising asset prices, a bullish mood, the development of new financial products, and the appearance of financial

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