Japan is one of the top industrialized country today.Before gaining economic popularity due to its automobile market, it also faced an economic rise and fall years ago.

1. Rayhanie M. Pangcoga
BSEd Social Studies

2. What is the “Japan bubble”
or bubble economy?
It is a nationwide financial economic
phenomenon that happened in Japan back
in the 1980s.

3. war
currency
credit expansion
monetary easing
Central bank
lowers interest
rates
Central bank
produces
additional money

4. pocket transistor radio
1970s - Japan was very successful in its electronic industry
Sony Walkman

5. Japan Inc. is a descriptor for that
country’s traditional, highly
centralized economic system
“King of the
Global Electronics Industry”
I am the King!

6. The graph of economic growth look
so nice and strong. Japanese businessmen
were buying up properties all over the
world and the Japanese tourists were
fanning out to every corner of the globe.

7. Ezra Vogel
Harvard academic professor
1979
Japan, with its strong economy
and cohesive society, as the
world’s most dynamic
industrial nation

8. AUTO INDUSTRY
the symbol of Japan’s economic ascent

9. In 1985, Americans were
aware of their own
currency being too high,
which lowered their
competiveness. The
Americans announced that
they decided to interfere
the currency market by
signing the Plaza Accord
Germany
England
France
Japan

10. In 1989, the government
of Japan realized that the
country has a big asset
bubble. That is why the
Bank of Japan decided to
tighten the monetary
policy. Soon after, the
Nikkei stock bubble
popped and plunged
nearly 50% of it.
“Lost Decades”

11. References
Book:
Ohno, Kenichi.2006.The Economic Development of Japan.GRIPS Development
Forum.
Retrieved from internet:
http://www.thebubblebubble.com/japan
https://www.investopedia.com/terms/j/japaninc
https://www.worldatlas.com/articles/what-was-the-japanese-economic-
miracle.html
http://www.japantimes.co.jp/news/2020/11/11
https://www.japanindustrynews.com
https://medium.com/@phuongnguyen_58141/japanese-financial-crisis-
1980s-1990s-ef5522dd778b