Why did Japan's economy completely blow up in the 90s?
Nerve gas
They still have tourism.
>>109777715fake wealth backed up by a currency that got raped because japan became too advanced and the west couldn't compete
Plaza accord
>shit economy>still manage to make great gamesall the reason why the "modern games are shit because muh risk" excuse is fucking bullshit
>>109777793>>>/v/
>>109777715>>>/biz/
the samurai fear the jew
inefficient work practisescalcified companies overtime, low productivity per hours workedlack of innovation, investing into shit like overpriced land instead of engineers
>>109777715
>>109777715Over-leveraged market that collapsed under the pressure of a property market shock.>>109777763I wouldn't say it hasn't had negative effects, but I hesitate to equate this as the reason for it's collapse. And it did in the immediate enrich the Japanese population by making the Yen more powerful.
>>109777715To keep the US economy afloat and save them from a recession. This goes in >>/biz/ btw
Bill Clinton cut all tariffs with China and declared them Most Favorable Trading Nation. Didn't take long for industries to move there from Japan, first foreign firms, then Japanese ones themselves. That slave labor was too hard to resist.Now China's all rich and industrialized, brilliant move CEOs and politicians and bankers!
>>109777715property bubble fueled paper growth while stunting real growthbut that's unrelated to today, today it's because they have great public healthcare, so now they have a giant boomer parasite class killing the economy (the young) to live one more day>>109778034most of these are post-burst problems
>>109777715https://en.wikipedia.org/wiki/Princes_of_the_Yen
>>109779053And now they are trying to do exactly the same thing, screwing China and working with India, ignoring a very important fact: chinks are very smart, jeets are retarded. Even Africa would have been a better choice. This can't end well.
>>109778143Powerful yen led to collapse in exports, which is fatal in an export driven economy.You could also read up on the other non-tarrif tricks played such as limiting imports to the US and the US led destruction of the TRON project. It reads like a dime paperback story but the results are clearly seen.
>>109777715Because I was born.
>>109780827Lol no, there is nothing to move. All those companies and factories and knowhow belong to the cn government. West is 30 years behind in manufacturing tech. Or more realistically 100 years behind, as the knowledge wasn't passed on (competency crysis) The only place that is on the same level is taipei and that's going to be chinese soon.
>>109780827No. Production is moving out of China, sure, but it is moved to Vietnam, not India. Vietnam is now cheaper than China, more reliable, and without the rampant IP theft/transfers that China has.
