Why Japan’s Economy Is Awful
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In the late 1980s, Japan was the envy of the world—a booming economy, skyrocketing real estate, and a stock market that seemed invincible. The Nikkei hit record highs, Japanese corporations dominated global rankings, and the country’s GDP even surpassed the United States. But by the 1990s, the bubble burst, leading to a financial collapse that wiped out trillions in market value and plunged Japan into its infamous “Lost Decades.”
In this video, we explore the economic miracle that propelled Japan to the top and the critical missteps that caused its dramatic decline. From the rise of the Nikkei to the collapse of real estate markets, the Plaza Accord, and the persistence of zombie banks, we dissect the policies, cultural challenges, and systemic failures that left Japan grappling with deflation, an aging population, and stagnant wages.
Why did Japan’s corporate culture and immigration policy fail to adapt? What lessons can Canada, Australia, and other developed economies learn from Japan’s mistakes? Dive into this comprehensive analysis of Japan’s economic rise and fall and the lasting impact of its financial crisis.
00:00 – Intro
00:57 – Post-War
06:40 – The Exporter of Choice
07:18 – The Banking Crisis
08:50 – Fiscal Policy
10:20 – Monetary Policy
10:52 – Crony Capitalism
12:12 – Immigration Policy
13:23 – Conclusion
24 Comments
At 4:13, we made an error regarding depreciation and appreciation. The Plaza Accords were designed to weaken the American dollar relative to the Yen, boosting demand for U.S. exports. We are dumb and somehow didn't catch the visual error, and we are sorry!
reading through the comments section brings me to the thought that half of the video material is inaccurate, the 3/4 is partially correct but not checked. And the rest has been added by the third party as a feel up stiroform. So basically roughly speaking this video claims to explain what caused economic crysis in Japan but whether the information truly represents the latter is uncertain.
Would be gramatically and technically correct to change the name of the video to make it more matching. These days this is what happens, when general public not educated in paticular field can stongly become misguiled by such videos. Or in other world to say if youtube is great then it is the triplesome bad for everyone.
The immigration thing is BS. that's just a short term fix that will lead to long term problems. If they would have addressed other issues, they would not need to import people. like making it easier/promoting bigger families, more children with tax breaks, or more family support.
I found it hilarious when narrator said Japanese companies are not innovating and then there are oeople who know japan is already livibg in 3000
Because their lack of independence finally catching up to them. Yes, i consider it to be still a colony, just look at the amount of US troops, you think they would allow it's economy to grow? All those seemingly bad decisions of the government are actually achieving intended results.
Us America always envy to other country
Stupid reporting…
Because they're monetary and fiscal policies are awful, and the economists in charge are clueless. The Japanese economy is the economics of conservative Cronies
Japan/Russia is the utopia for the conservative right worldwide.🙃
Japan is bad, yet in 2025, it manages to look like a developed country compared to America, France which looks horrible with lots of homeless, drug addicts, public urination and defecation.
Cuz they eat too much rice xD
Japan's economy is awful because of America's horrible double standards; period. Because of America Japan's auto industry has been turned into garbage!
Japan's immigration policy is not a mistake. Protecting their society, and culture, is more important than making a number get bigger. The last thing Japan needs is more social strife, and minority grievance politics, like the West has. They also don't need a big increase in terrorist attacks, shootings, stabbings, sexual assault, bombings, and gangs, again, like the West has.
Japan has been in the year 2000 since 1980.
looking at their corporate culture I am glad where Japan is right now. it is regressive and yucky
This explains why all the video games suck now.
You could apply almost everything in this video of how the collapse happened, to the US.
Economy in japan will not worse what you are considering .
Because of ai, tourisim, invest
Chip War is a great book that goes into how the US has destroyed Japan and its ability to manufacture chips the gold of today.
قصر الهند الياباني
God Have told us do not take interest on Loans.
O believers! Do not consume interest, multiplying it many times over. And be mindful of Allah, so you may prosper (quran:3:130)
Those who consume interest will stand ˹on Judgment Day˺ like those driven to madness by Satan's touch (quran:2:275)
Really well-explained! The rise and fall of Japan’s economy is a fascinating lesson for other countries. The part about 'zombie banks' and how they prolonged the crisis was especially interesting. It really shows how failing to clean up bad debt can drag an economy down for decades.
in 2019-2022 i had a chance to work for Rakuten project and then back to my country but i can say that now i really wanna back to Japan, live and rise my kids there…..I see many countries that they are so much focused on GDP but real situation is so bad….
I'm not worried about Japan. They still a modeled country to most of South East Asian country.