New Perspectives on Japan's Bubble Economy

Author: Sun Zhizhong, Editor-in-Chief
Publisher:
Publish Date: 2001-07-01
Features: This book is divided into three parts. Part 1, The Impact of Japan's Bubble Economy Collapse. In this part, we discuss the background and process of the formation of Japan's bubble economy. It occurred under certain economic conditions and had its objective inevitability, while it was also inseparable from mistakes in economic policy. Next, we wrote about the two impacts of the bubble economy collapse: 1, bank failures and financial crises; 2, the long-term stagnation of the Japanese economy in the 1990s and its causes. Finally, we wrote a chapter on how to prevent the occurrence of a bubble economy? Part 2, Japan's "Rental Property" Problem. A dedicated chapter is devoted to this issue to provide a typical empirical analysis of the impact of the bubble economy collapse. Only the bad debts left by rental properties accounted for 30% at the time. Part 3, Japan's Economic Development Prospects. This part mainly discusses the following issues: 1, Japan's economic development prospects as seen from its handling of bad debts; 2, Japan's economic development prospects as seen from its international competitiveness in industry and technology; 3, Japan's economic development prospects as seen from the global economic situation; 4, What are the effective ways to eliminate the bubble economy?