The Bankruptcy of Long-term Credit Bank of Japan and the Implications to China Development Bank

This paper studies the bankruptcy of the Long-Term Credit Bank of Japan by examining the external and internal context during late 20th century. Then the paper carries out study on China Development Bank with the similar approaches of internal and external analysis. By comparing and contrasting between these two banks, the paper concludes similarities and differences, and finally draws lessons from LTCB's failure and offers implications to CDB in its future operation.