How Japan Lost Its Superpower Status
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#japan #history #economics
In the mid-to-late 20th century, Japan was a global economic superpower alongside the United States and Soviet Union. But by the mid-1990s, this status had evaporated completely. How did this happen? And could it happen to other major powers today?
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Written & edited by OrangeRiver
Filmed by @KinzieK
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– CHAPTERS –
00:00 Intro
01:31 Sponsored Segment
03:01 The Economic Miracle
04:26 Neoliberal Pressures
06:16 The Plaza Accord
08:06 The Land Bubble
10:26 Delayed Action
12:01 The Lost Decades
16:04 Outro
21 Comments
Download Star Trek Fleet Command for FREE now here: https://tinyurl.com/2f5fuevh to support my channel, and enter the promo code SECTION31 – to unlock officer MARCUS for FREE.
I enjoyed this subject even that wasn't Star Trek🎉🎉
Goddamn well-edited and produced, this video is.
Japan's demographic problem (too few young) is a result of past economic problems. China's much worse demographic problem (shockingly askew sex ratio) is a result of the truly dumbass 1-child policy (1980-2015, loosened further in 2021) paired w/ China's being so strongly male-dominated – many cultures share that trait. Japan faces trouble. China is doomed.
8:45
Umm..that was Korean money, not Japanese 🙂
Came for Star Trek, stayed for this
I in fact did miss this, it didn't pop up for me yesterday
I just feel sad for Japan. I may not live there, but I empathize. They got a rough gig and it feeds into social problems. Get well soon, Japan <3
Cool essay
So you’re really a Ferengi?
I normally don't watch these subjects, Tyler. But, because you were doing it, I wanted to check it out. Thank you.
As an economist Japan’s xenophobia has hurt it as its population with no Immigration it lost it manufacturers to low wage south east asia
I'll see you guys in the wasteland 😊
Wow good analysis!
When examining a nation's economic health, you need to look at the balance sheet and not just the amount of debt.
Japan held the world's highest amount of asset in form of various foreign treasury bonds and intergovernmental credits through low interest development loans to other nation.
The main reason Japan fell into stagnation is the misguided Ministry of Finance policies not enjecting enough stimulous into the nation. Believing that treasury bonds are a bad thing not really understanding fundamentals on how economy works.
The US is facing a simular situation where the global market selling US treasury bonds through no confidence towards the US economic policies with the chicken coming back to roost with the inbalance in distribution of wealth.
Nippon was never a superpower – at least not an all-around superpower.
Japan didn’t lose superpower status, still it has superpower! 🇯🇵🎌
I've been getting into early William Gibson and interfering with Japanese interests was an insane thing to do. That sure changed IRL.🤔
The birth rate issue makes long term so much worse
Gotta give it to the Japanese, they make great products though
Great video