How America Made Japan Rich and Then Stopped It | Umar Warraich
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How America Made Japan Rich and Then Stopped It | Umar Warraich
13 859 просмотров · 7 часов назад
Big Socho
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13 859 просмотров · 7 часов назад
#japan #economy #plazaAccord #bigsocho #umarwarraich
In the 1980s, the world believed Japan would become the biggest economy on Earth. 8 of the world's 10 largest companies were Japanese, and Japan's GDP was close to America's. Today Japan has fallen behind China and Germany, and India is about to overtake it too. So what happened?
In this video, we explain:
✅ How America rebuilt Japan after World War II
✅ The Plaza Accord of 1985, and how a strong yen hurt Japanese exports
✅ The great real estate and stock market bubble
✅ How the bubble burst and started the Lost Decades
✅ Zombie companies, zombie banks and the balance sheet recession
✅ The "employment ice age" generation and Japan's falling population
✅ Why Japan missed the tech revolution
✅ Japan's debt of over 200% of GDP
Do you think Japan can ever grow like before? Share your thoughts in the comments.
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