“Japan’s Lost Decade: The Economic Crisis of the 90s” #japan #japanese
Are you shocked to learn Japan’s booming economy stalled in the ’90s? Let’s break it down. So, in the 1980s, Japan was flying high with rapid growth. But then, the ‘9s came crashing in. What happened? First, there was a massive real estate bubble. Prices soared and everyone thought they’d never come down. Spoiler, they did. Next, the stock market took a nose dive. The Nicay index lost about half its value in just a couple of years. Ouch. Then, banks were in trouble. They had too many bad loans and not enough money. The government had to step in, but the damage was done. Finally, consumer confidence took a hit. People stopped spending and businesses struggled. All these factors combined to create the lost decade. Japan’s economy slowed to a crawl. And that’s how it went down. Don’t forget to like and subscribe for more bite-sized history
“Explore the story behind Japan’s economic downturn in the 1990s, known as the ‘Lost Decade.’ Discover how the burst of the asset price bubble led to a period of stagnation, deflation, and banking crises. Learn about the key factors that contributed to the crisis and how it impacted Japan’s economy and society. A cautionary tale of economic boom and bust, and the challenges of recovery.”
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