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Throughout the 1970s, Japan had the world's second largest gross national product —just behind the United States— and ranked first among major industrial nations in 1990 in per capita GNP at US$23,801, up sharply from US$9,068 in 1980. After a mild economic slump in the mid-1980s, Japan's economy began a period of expansion in 1986 that ...
After a mild economic slump in the mid-1980s, Japan's economy began a period of expansion in 1986 that continued until it again entered a recessionary period in 1992. Economic growth averaging 5% between 1987 and 1989 revived industries, such as steel and construction, which had been relatively dormant in the mid-1980s, and brought record ...
The period of rapid economic growth between 1955 and 1961 paved the way for the Golden Sixties, the second decade that is generally associated with the Japanese economic miracle. In 1965, Japan's nominal GDP was estimated at just over $91 billion. Fifteen years later, in 1980, the nominal GDP had soared to a record $1.065 trillion. [citation ...
In 1990, South Korea, Taiwan, Hong Kong, and Singapore constituted the newly industrialized economies (NIEs) in Asia, and all four exhibited high economic growth during the 1970s and 1980s. Like Japan, they lacked many raw materials and mainly exported manufactured goods. Their deficits with Japan increased from 1980 to 1988, when the deficits ...
The Japanese asset price bubble (バブル景気, baburu keiki, lit. ' bubble economy ') was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. [1] In early 1992, this price bubble burst and Japan's economy stagnated.
The economy of Japan is a ... 9,864,422 tons in 1980, 8,520,397 tons in 1970, ... corporate governance reform has been a key initiative to encourage economic growth ...
In Japan during the 1970s, the economy was hit by the oil shock and the Nixon shock. Energy consumption dropped and industrial production increased. During the 1970s energy crisis , Japan introduced energy-saving measures and became a hub of miniaturization . [ 1 ]
In the 1970s the growth will significantly slow down partly due to the oil crisis, as the country was heavily dependent on oil and food imports. In the 1980s Japan diversified its raw material sources, due to economic misfortunes of the previous decade, and shifted its production’s emphasis towards telecommunication and computer technologies.