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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 Japan's economy stagnated.
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 ...
That stimulus in combination with other policies led to the Japanese asset price bubble of the late 1980s. [4] Because of this, some commentators blame the Plaza Accord for the bubble, which, when burst, led into a protracted period of deflation and low growth in Japan known as the Lost Decade, which has effects still heavily felt in modern ...
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.
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.
Driven by speculative investments and excessive lending, the Japanese asset price bubble of the early 1990s burst, triggering a prolonged period of economic stagnation marked by deflation and persistently low or negative growth, now known as the Lost Decades.
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.
On 22 February 2024, the Nikkei reached an intraday high of 39,156.97 and closed at 39,098.68, finally surpassing its 1989 record high, an important milestone since the Japanese asset price bubble. [16] On 4 March 2024, the index surpassed 40,000 (intraday and closing) for the first time in history. [17]