Why Did the Japanese Economy Begin to Experience Major Difficulties in the 1990s?

Table of contents 1, Introduction – ground of lacquerese economy___________3 2, Collapse of the bubble economy___________________________4 3, A breakdown of a major company financial institution_______5 4, lost Main Bank _________________________________________5 5, Employment reduction___________________________________5 6, Conclusion______________________________________________6 7, Reference _______________________________________________7 Introduction – Background of japanese economy Industry of Japan received the destructive falter by World war II. Policies such as the prioritisation of work system which is tied to major industries. As a result, Japan was hit by serious inflation. Although Japan had faced a great financial burden by the Korean War and umteen sacrifices were paid, heavy industry of Japan increased tremendously at the magazine of Koreafs special procurements. Starting with the Jinbu business which started in 1955, high growth was attained centring on the manufacturing industry. Increase of buy power by the rise of wages of labourers who recognised the domain of a labour union increased the production by plant-and-equipment investment.

This made a capital of foreign currency gained by export, and the economy of Japan accomplished a great expansion. The scotch scale of Japan overtook West Germany in 1968 and became 2nd in the world with based on GDP. The first oil crisis happened in 1973, and Japanese economy became chaotic; the economic growth lay out in 1974 was in negative numbers for the first time after the war, and it signalled the end of high economic growth. From the second half(prenominal) of the 1970s, a current account surplus occurred in Japan as current account deficit of United States increased. strange progress of export industries created trade friction between many foreign countries, especially with United States. Then, an economic depression collectable to yen appreciation occurred by the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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