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	<version>1.0</version>
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	<objectid>137020</objectid>
	<title><![CDATA[Does This Sad Tale Sound Familiar?]]></title>
	<url>http://www.huffingtonpost.com/ed-epstein/does-this-sad-tale-sound_b_137020.html</url>
	<abstract><![CDATA[Fueled by low-interest mortgages, real estate prices in Japan had risen so
high by the end of the 1980s that just the land under the Imperial Palace in
Tokyo was nominally worth more than all the real estate in California.
Then, in late 1989, the bubble burst and real estate prices plummeted,
leaving Japan's financial institutions saddled with toxic mortgages and
facing bankruptcy.
<p>
<p>
Enter the government. In 1990, the Japanese Central Bank began cutting
interest rates, and continued cutting until they reached absolute zero.
So money was free...</p></p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2008-11-22T05:12:00-05:00</date_published>
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