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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 the country's economy stagnated.
During the Japanese asset price bubble of the late 1980s, revenues were high due to prosperous conditions, Japanese stocks profited, and the amount of national bonds issued was modest. With the breakdown of the economic bubble came a decrease in annual revenue. As a result, the amount of national bonds issued increased quickly.
The Lost Decades are a lengthy period of economic stagnation in Japan precipitated by the asset price bubble's collapse beginning in 1990. The singular term Lost Decade (失われた10年, Ushinawareta Jūnen) originally referred to the 1990s, [1] but the 2000s (Lost 20 Years, 失われた20年) [2] and the 2010s (Lost 30 Years, 失われた30年) [3] [4] [5] have been included by commentators ...
After the plunge of the New York Stock Exchange in October 1987, the Tokyo average dropped by 15%, but there was a sharp recovery by early 1988. This was the height of the Japanese asset price bubble, which collapsed in the year 1990, and was followed by the lost decade.
September 6: Takako Doi becomes the president of the Japan Socialist Party. She was the first female party leader in Japanese history. [7] November 1: According to Japan National Police Agency official confirmed report, seven religious group member burned bodies and mass suicide occurs on beach in Wakayama City. [8]
An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify.
It brought down the government of Prime Minister Wakatsuki Reijirō and led to the domination of the zaibatsu over the Japanese banking industry. The Shōwa Financial Crisis occurred after the post–World War I business boom in Japan. Many companies invested heavily in increased production capacity in what proved to be an economic bubble.
The dominance of the LDP, referred to popularly as the 1955 System, has only been interrupted twice: between 1993 and 1994, as a result of corruption scandals and the end of the Japanese asset price bubble, [5] and from 2009 to 2012 as a result of continuing economic crisis during the Lost Decades. [6]