Japanese bubble economy is Japan the phenomenon of economy of a kind of Japan that appears to 90 time initial stage in acting 1980 later period. According to different economic norms, the length of this paragraph of period differs somewhat, but it is to point to commonly arrived 4 years between Feburary 1991 in December 1986 the period of 3 0 months. This is Japan afterwar develop period the 2nd times after the economic high speed that is next to 60 time later period develops greatly. This economic tide got of a large number of congenial activities prop up, accordingly as burst of the bubble at the beginning of 90 time, japanese economy appears to go backwards greatly, after this was entered make the same score great flat period.
Above all, the myth that land won't devalue spreads in Japan, japanese land area is equivalent to a province of our country only, because Japan is insularity, islands is big hill actually, so of Japan actual but the pity with little living space, but the population that Japan has 200 million, living space of average per capita is equivalent to the 1/5 of our country only, be in day of native land ground it is thus clear that is to have many precious! So, be in Japan, land is rare forever those who be short of, rare the nature that be short of won't devalue.
Next, the government won't let house price drop. Because of many bank, enterprise, people drag in arrived among estate, once house price drops, will bring serious blow to Japanese economy, the bank goes broke, common people will live in an abyss of suffering, so the government abandons estate impossibly absolutely.
Finally, japanese economy has grown 20 years quickly continuously, economic growth can produce more obtain employment station, more obtain employment post need more people to arrive in the city obtain employment, can have more housing demand.
But Japanese oversight 4 problems,
The first it is population inflection point appears already, the youth is less and less.
The 2nd it is Japanese city is changed already was as high as 77.4% , the city changes bonus to disappear already.
The 3rd be Japanese economy successive whether can rapid growth of 20 years continue to last? Economy resembles deal, who is unwarrantable the business can be good all the time go down, total meeting has rise and fall, once economy glides, estate lost mainstay, became a castle in the air.
The 4th it is Japan's successive and old money loose policy, this answering yen devalues, but because signed square agreement later, japan does not demote to go up instead, affected Japan badly export external.
1990, japanese stock market takes the lead in dying dish, caused much business to cut down the member of persons employed. To live, the enterprise begins sale assets, undersell house property. Because the employee that is dismissed still is borrowed feebly, begin to abandon for, the bank is many bad Zhang, a large number of house property abandoned a bank, the bank begins to auction house property.
1991, estate bubble burst, price of big city house is direct cutting sb in two at the waist, price of small town house drops 20%~30% .
Whether was that Japan government done rescue measure? Did, and present about the same, but of no help.
One, severe charge real-estate loan; 2, raise estate revenue; 3, two years the estate in trades by exacting with heavy taxation; 4, tighten up a money, the bank is added continuously breath.
Final these measure not only fail to rescue estate, became activator of estate bubble cracked instead.
