Postscript

Jon Woronoff

Chapter 12 in The Japanese Economic Crisis, 1996, pp 243-272 from Palgrave Macmillan

Abstract: Abstract In order to understand what has been happening to the Japanese economy during the first half of the 1990s, and what is likely to continue happening to a lesser degree during the second half, it is necessary to review briefly the sad destiny of the late, great economic boom of the 1980s.1 It began in December 1986 and extended into the autumn of 1991, making it the longest of the postwar booms. The annual growth rate was nearly 5.5 percent with corporate spending rising by some 13 percent a year and individual spending by about 4 percent a year.2 And during this whole period it looked, acted and felt like a real boom. It was only later that doubts set in.3

Keywords: Interest Rate; Stock Market; Real Estate; Foreign Asset; Liberal Democratic Party (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230375680_12

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