80s Rise of Japanese economy | Doc Preview

After its defeat and surrender in World War II, Japan experienced rapid economic growth that permeated the entire nation, reaching its peak in the late 1980s. This golden era of unprecedented prosperity, rapid technological advancement, and cultural influence is commonly referred to as the “bubble economy.” During this time, Japan solidified its position as the world’s second-largest economy, with its corporations dominating global markets in electronics and automobiles. However, this growth was fueled by excessive speculation and easy credit, leading to a massive bubble that eventually burst in the early 1990s.

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80s Rise of Japanese economy | Doc Preview

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