Japan's bubble economy is a Japanese economic phenomenon that appeared in Japan from the late 1980s to the early 1990s. This economic wave was supported by a large number of speculative activities, so with the bursting of the bubble in the early 1990s, Japan's economy experienced a great retrogression, and then entered the Heiping Great Depression.

At that time, in order to subsidize the export industries hit by the appreciation of the yen, the Japanese government began to implement the financial easing policy, resulting in excess circulating funds.

According to different economic indicators, the length of this period is different, but it generally refers to the period of 4 years and 3 months from1986 65438+February to1991February. This is Japan's second great development period after the high-speed economic development in the late 1960s.

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In the late 1980s, Japan's policy mistakes were an important reason for the expansion of the bubble. From 65438 to 0985, the land price in Tokyo began to soar. 1986 spread to big cities such as osaka. 1987 before it spread to all parts of Japan.

If the Japanese government can take decisive measures around 1987, the bubble will not get bigger and the harm will be less. 1On September 22nd, 985, the famous Plaza Agreement took place, and the yen began to appreciate rapidly. It took only two years for the exchange rate to appreciate from 1: 240 yen to 1: 120 yen.

It is an indisputable fact that the Plaza Agreement has a turning point in Japan's economic history, but it is not true that the United States defeated Japan by virtue of the Plaza Agreement.

Baidu Encyclopedia-Japan's Bubble Economy