What Is A Bubble Economy?
What is meant by
bubble economy
It is a metaphor for a false prosperous economy. It means that the development of the economy is not driven by internal forces, but rather by bubbles that are rubbed out of soap on the rubbing board.
This seemingly beautiful bubble stays for a short time. A breeze and a light can make bubbles disappear.
In 1985, when Japan was dragged by the "Plaza Accord", the yen rose sharply and the housing market rapidly increased.
In the next 6 years, the price of land in Japan's major cities increased more than 3 times, and the demand was strong.
speculate in real estate
Many people.
The government's various regulatory and containment measures have been defeated repeatedly. Housing prices have been stubborn as a stubborn giraffe.
In a flash, the collapse of the housing bubble tore the surface of prosperity. After entering the 90s of last century, the Japanese housing market was suddenly cooled down. Then there was a nationwide slump. Under the heavy burden of bad debts and bad debts, banks had to lift the "white flag" of bankruptcy. Even the long term credit bank of Japan, the ninth largest bank in the world, could not escape the bad luck.
Relevant
industry
The Japanese economy has also been hit hard.
In the 10 years since then, Japan has been in a recession for a long time and has been called the "lost 10 years" by the economists.
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