BoJ's Nishimura says subprime crisis mirrored Japan’s 80’s housing bust

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Kiyohiko Nishimura , a deputy governor of the Bank of Japan, drew on lessons concerning financial stability and central bank policies by comparing the financial crisis in Japan 20 years ago with the recent experience in the United States, in a statement released Friday.

"One cannot help noticing the similarities between Japan's experience in the 1980s and recent events in the United States triggered by the subprime mortgage crisis," Nishimura said at a conference on macroeconomic and financial

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