Japan's Lost Decade - An Economic Disaster [Documentary]
ColdFusion・2 minutes read
Japan experienced rapid economic growth in the 1980s, becoming the second-largest economy globally, but faced a devastating economic downturn in the early 1990s leading to "Lost Decades" and a decline in economic power. The burst of Japan's economic bubble resulted in widespread bankruptcies, unemployment, and a shift in management styles, impacting the younger generation's opportunities and leading to increased rates of social withdrawal.
Insights
- Japan experienced a significant economic boom in the 1980s, driven by rapid growth, leading to a vibrant nightlife and global recognition for brands like Toyota and Sony.
- The burst of Japan's economic bubble in the early 1990s resulted in widespread devastation, with millions losing savings and jobs, leading to a stagnation in Japan's economy ever since and marked the onset of the "Lost Decades."
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What fueled Japan's vibrant nightlife in the 1980s?
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