A STUDY UPON THE GREAT JAPANESE CRISIS

Marius Ioan Mihuţ and Stanca Alexandra Pop
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Marius Ioan Mihuţ: “Babeş-Bolyai” University, Cluj-Napoca
Stanca Alexandra Pop: “Babeş-Bolyai” University, Cluj-Napoca

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 468-476

Abstract: This article aims to show that the great Japanese economic crisis of the late 80s followed the same pattern as all the financial crises known over time worldwide. After a period with a remarkable advance after the Second World War, the Japanese archipelago experienced a major crisis. The loan, originally a factor for growth and generating additional profits, became the main factor of instability. We chose to study the Japanese crisis in order to reveal its impact on the Japanese economy which even after 24 years has failed to recover.

Keywords: economic crisis; asset prices; Nikkei 225; speculative bubble; Japan. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:special-i:p:468-476

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