Early 1990s bubble burst e Equivalent to DOW i Major stock trading center for

Early 1990s bubble burst e equivalent to dow i major

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Early 1990s bubble burste.Equivalent to DOW i.Major stock trading center for Japanii.Same $ in DOW and you'd be loaded1)If you put $50k in Nikkei in 1990 you would have made no moneyiii.Nikkei Stock Index has flatlinedf.Helped Japan when rebuildingi.Means Toyota owns part of the steel industry and gov. owns part of bothii.Not really free market capitalism1)Takes out innovation and competition2)Now it's actually a hindrance on economy3)However:iii.Keiretsu - System where businesses & government are interlockedg.The high standards of living make for high prices for everythingi.Tokyo Japan has highest real estate pricesii.Resulting in outsourcing1)Moving south to S. Korea, Taiwan, China and Philippinesa)Moving to lower wage areas2)High wages for workersiii.World recession is killing themiv.On top of everything else:h.1980 - Consumer Boomv.Shinto SlumpA.Japan (Part 4)Wednesday, March 11, 20159:30 AMNew Section 1 Page 1
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Lowest overall economic growth rate1)Population is shrinkinga)Fertility rates are ~1.0-1.1b)Decreasing tax basei)More elderly than youngii)Decreasing populationc)Decreasing consumer based)Made worst by Japanese Civilians:2)World recession is killing themiv.IE. Toyota is outsourcing to more vibrant economies like China1)Future of Japanese companies isn't in Japanv.Don’t really like immigrants1)99% ethnically Japanese2)And ROBOTS - everyone will want onea)Raised retirement age, have sex with your spouse day, immigration propaganda3)Xenophobia - fear of foreignersvi.
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  • Fall '13
  • JohnBoyer
  • Economics, japan, People's Republic of China, Wen Jiabao, economic growth rate

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