The crash of the Japanese economy in the 1990s

The crash of the Japanese economy in the 1990s

What if I told you that in 1989, Japan had six of the world’s top 10 largest companies? But just a few years later, their asset bubble burst, leading to a lost decade of economic stagnation. Markets crashed, debt soared, and the country’s debt to GDP ratio almost doubled during this decade from 65% to 125%. Today, the US faces its own economic promise, right? With rising debt and market volatility, could the US be heading towards a similar fate? Leave your views in the comments.

Japan has some of the largest companies in the world at the end of the 1980’s but it was a different story at the end of the next decade. Is the US heading in the same direction. #economics #Japan #usa #debt #doge #finance #markets #history