The Japanese asset bubble of the 1980s burst in late 1989 and a quarter century later, the Nikkei is still at only half the level it was.
Many Chinese commentators think the Plaza Accord of 1985, reached in New York by finance ministers from five developed countries, did not solve many problems in the world and was partly to blame for
the Japanese asset bubble and subsequent slowdown.
Not exact matches
The
Japanese stock market was riding high on the back of a
bubble in
asset prices, which also boosted the prices of Nikkei stock exchange.
Japan's infamous «Lost Decade» was supposed to refer to the stagnant economic period from 1991 until 2000, after the collapse of the
asset price
bubble in
Japanese housing and stocks.
Launched while Japan was in a recession following the 1991 collapse of the
Japanese asset price
bubble, this generation Taurus was exported to Japan in limited numbers, and sold at
Japanese auto dealerships called Autorama (a joint venture with Mazda), where the sedan and wagon versions with right - hand driving positions until 1997.
1) Japan had an
asset bubble in the late 1980's that was twice the magnitude of the late 1990's US Dotcom
bubble, which artificially improved
Japanese returns in the 1980's and then negatively impacted them in the 1990's and thereafter.