Money & Macro
In 1989, the world was simultaneously fearful and in awe of the rise of the magnificent Japanese economy. So…. What the hell happened?


Further descxtion:
While Japans economic might is still widely respected, it used to be the rising superstar of Asia. How did the economy of this Asian archipelago, which came so close to overtaking America as the number one economic superpower, end in deflation and stagnation?
I mean, by now it’s gotten so bad that the Bank of Japan, in a desperate attempt to turn this situation around, has bought up to 70% of government debt and has even become the biggest shareholder of corporate Japan.
This mini-documentary covers the period from 1979 till 2021 and spans Japan's asset bubble decade (featuring window guidance and the housing + stock bubble) as well as the three following decades that were characterized by debt-deflation and a banking crisis, the inflation expectations trap and population decline, respectively. It also has a critical look at Abenomics (from prime minister Shinzo Abe) and contains recommendations for the future of the Japanese economy.

进一步说明: 虽然日本的经济实力仍然广受尊重,但它只是亚洲过去的冉冉升起的超级巨星。这个亚洲岛国的经济为何如此差点超越美国成为第一经济超级大国,却以通货紧缩和停滞告终? 我的意思是,现在情况变得如此糟糕,日本银行为了扭转这种局面而拼命购买了高达 70% 的政府债券,甚至成为日本企业的最大股东。这部迷你纪录片涵盖了从 1979 年到 2021 年的时期,跨越了日本的资产泡沫十年(以窗口指导和房地产 + 股票泡沫为特色)以及随后三个以债务通缩和银行危机为特征的十年,通货膨胀预期陷阱和人口下降,分别。它还对安倍经济学(来自首相安倍晋三)进行了批判性的审视,并包含对日本经济未来的建议。