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Explore Japan’s Lost Decade: An Economic Crisis in 16 Minutes with 170,045 views, 3,956 likes, and 202 comments. Experience the impact of this video content that has captured audience attention.

In this video we uncover the economic history of how Japan grew into the second largest economy in the world and then experienced a period of 'Lost Decades'. Following the war, Japan's economy experienced extraordinary growth in what became known as Japan’s post-war economic miracle. This led to the country becoming the second largest economy in the world and going into the 1980s it experienced a property and stock market boom. Following this boom, the country would enter a bust period of stagnation, slow growth which became known as Japan's Lost Decade. Watch the video as we uncover this incredible story. #japan #economics Music Credits: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ GroovyBaby - Jason Shaw https://audionautix.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Audionautix - Sideways Samba - Juk Free Music https://audionautix.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Music: Innovative Corporate by Alex Productions / alexproductionsmusic https://protunes.net/ Video Link: https://www.youtube.com/watch?v=u2uZgxSI4hI&ab_channel=StreamWaves Alex Productions - ECONOMY ｜ Innovative Corporate [No Copyright Background Music] - StreamWaves ⁨@DMCAfreemusic ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Song of the Bitter Memories - Dramatic Piano - @KeysofMoonMusic https://www.youtube.com/watch?v=GlxhdMj8t4k&ab_channel=KeysofMoonMusic ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Blue Break - Silent Partner https://www.youtube.com/channel/UCWZ0f0lFW3maBvBtjGcVvvg ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Music: Dickens by StreamWaves ⁨ ⁨@DMCAfreemusic⁩ https://www.StreamWavesRecords.com/ Video Link: https://www.youtube.com/watch?v=x3AIDgPf1-U&ab_channel=StreamWaves ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Source Notes: -Takatoshi Ito and Takeo Hoshi, The Japanese Economy, Second Edition Book. -Edward Chancellor, Devil Take the Hindmost: A History of Financial Speculation. -Chart data sources include: The Federal Reserve Bank of St. Louis, Bank Of Japan, and IMF. As a small country lacking natural resources, Japan relied on investment-led industrialization and exports to grow rapidly in the 1950s and 60s. In 1960, Japan’s Prime Minister Hayato Ikeda set a goal to double the national income in ten years and managed to do it in only seven years. From 1950 to 1973 by rapidly industrializing and modernizing the country to catch up to other Western countries, Japan experienced extraordinary growth. Averaging around 10% annually in what became known as Japan’s post-war economic miracle. Following the oil crisis and even with lower levels of economic growth, Japan had become the 2nd largest economy in the world and moving into the 1980s, it would see a property boom. From 1956 to 1986, land prices went up 5000%, only going down in one year. Banks were fine to provide loans against land with the myth of ever-rising land prices in Japan. If you enjoy the video be sure to like the video and subscribe to the channel for more!

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