Japan's economic bubble distant memory 20 years later

On December 29, 1989, the Nikkei index finished at an all-time high of nearly 39.000 points. Twenty years later, the stock index is just a quarter of its former value, the real estate market has crashed, unemployment more than doubled, and a sentiment of insecurity has settled across Japan.Duration: 01:43

Category:

News & Politics

Tags:

• WEB
• FINANCE
• JAPAN
• ECONOMY
• BUBBLE

[redwhitedude]

Some people are saying Japan is doing well others are saying that Japan has lost it. Their political system is inflexible and cannot adapt to the changing circumstances as evidenced by their attempts to get the economy back on track with ineffective stimulus packages over the last decade. Japan has lost a lot of the luster it had back in the 80s. Others say that since the bubble popped Japan has recovered and is doing fairly well.

[kayumochi]

You have missed my point:  the idea that Japan has failed simply isn't true.

[dhksrksalem]

@zythepsarian now #3

[prepschoolkid]

@kayumochi For an economy based on exports a strong yen isn't good.

[kayumochi]

In the last 20 years Japanese unemployment has averaged 3%, its citizens have all had universal health insurance and the yen has appreciated. Sounds like heaven.

[zythepsarian]

@anotherelvis i said tiny country, not tiny population

[anotherelvis]

@zythepsarian Actually Japan's population is not that tiny. They are 120 million people.

[dan020350]

I missed the Shintoism fever

[zythepsarian]

the japanese are very industrious and buisinesslike, that is how a tiny country can be the #2 economy in the world, but theyre gonna have to batten down the hatches when it comes to consumerism, try eating less 10 dollar a pound tuna lol