For much of the post-World War II period, Japanese firms have depended greatly on bank loans because
A) most Japanese firms are owned by banks.
B) interest on bank loans in Japan is deductible on the corporate income tax, while interest on corporate bonds is not.
C) most investors found Japanese stock and bonds too risky.
D) the Japanese government kept firms from issuing securities abroad or risky debt instruments at home.
Correct Answer:
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