And, as we know, there could never be a huge real estate and asset price bubble in a country with keiretsu-style biz networks. Japan's wacky asset accounting (counting the higher of the buying price or current price on their balance sheets), cross shareholding ("no risk!"), equity warrants and "guaranteed returns" had nothing to do that. Besides, that was just an aberration. And that wasn't real keiretsu capitalism they practiced in Japan, anyway, just a malignant variant of it.
Christian