Estate Bubble: Plaza Accord and Party Leaders

estate bubble: While details are scarce, the person revealed one key recommendation that policymakers have since implemented the need to curtail a global buying spree by some of the nation's biggest private companies. ; Communist Party leaders discussed Japan's experience in a Politburo meeting on April 26, according to the person, who asked not to be identified as the discussions are private, according to The Japan Times. State media came alive afterward, with reports trumpeting Xi's warning that financial stability is crucial in economic growth. The report covered a wide range of topics, from the Plaza Accord on currency to a real estate bubble to the demographics that made Japan the oldest population in Asia, according to a person familiar with the matter who has seen the report. Then in June came a bombshell reports that the banking regulator had asked lenders to provide information on overseas loans made to Dalian Wanda Group Co., Anbang Insurance Group Co., HNA Group Co., Fosun International Ltd. and the owner of Italian soccer team AC Milan. Jim O'Neill, previously chief economist at Goldman Sachs Group Inc. and a former U.K. government minister, said Chinese policymakers are constantly looking to avoid the mistakes of other countries and Japan in particular. While the timing of those requests is unclear, other watchdogs soon issued directives to curb excessive borrowing, speculation on equities and high yields in wealth-management products. (news.financializer.com). As reported in the news.