Japan #4.docx - Japan#4 Shinto Slump Rapid growth double digit 1960 1970 7 1980 4-5 Service boomed o Banking o Finance o Tech o Real-estate o

Japan #4.docx - Japan#4 Shinto Slump Rapid growth double...

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Japan #4Shinto SlumpRapid growth double digit 19601970 7% 1980 4-5%Service boomed oBanking oFinanceoTechoReal-estateoAutomobiles oSteeloShip building 1980 Japan had a consumer boom this is new they don’t do materials like USA Ran out of things to buy and started investing in other parts of the world Japan bought part of times square and Chicago and Miami oWorried USA Car companies started impacting the USA oMade anti Japanese sentiment oIf you wanna buy a rice burner why don’t you just move to Japan oUSA was in a recession Prices inflated in Japan and they got so out of control the bubble burst hard oEarly 1990’s like Godzilla leveling Tokyo oTrillions were lost like the Housing bubble in 08 oConsumers reverted back to frugality and huge personal savings came backoEconomy is flat now oExports aren’t as big oLate 1990s tech bubble burst and a new recession happened Govt trying to fix it oInterest rates in Japan is ZERO They don’t want you to save they want you to spend It is a waste of time to put money in the bank Start a business, buy a car, etc. It hasn’t worked for 2 decades Nikkei stock index like the dow or fortune 500 0 growth for decades If you put 50 grand in Nikkei 1990 you would have 50 grandIf you put 50 grand in dow you would have a ton of money Success of the past is the problem businesses invest in businessKeiretsu – Interlocking businesses and govt. oWell known system oHelped japan grow
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Toyota invests in steel, steel invests in Toyota, and the govt invests in them bothEveryone helps everyone grow
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  • Fall '08
  • japan,  Govt

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