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During the 1980s, Japan's current account balance shot from a record deficit of US$10.7 billion in 1980 to a record surplus of US$87 billion in 1987 before declining to US$57.1 billion in 1989. As a share of GNP , this surplus reached a peak of 4.4 percent in 1985, a large value for a current account surplus.
1978: The yen was strengthened to 180 per dollar, resulting in the first endaka. 1979–1984: yen remained between 200–250 per dollar. 1985: The Plaza Accord revalued the yen from 250 to 160 per dollar. 1986–1988: yen further strengthened to 120 per dollar, resulting in the second endaka. 1989–1995: yen fluctuated between 100 and 160 per ...
The Nikkei 225 jumped nearly 2% to hit 39,029, surpassing the previous record high of 38,915.87 reached in 1989. ... While the yen’s chronic weakness has boosted some of Japan’s exporters, it ...
The inheritance tax is very high in Japan, reported to be 75% of the market price for over 500 million yen until 1988, and it is still 70% of the market price for over 2 billion yen. [33] Yet the appraisal of land for tax purposes used to be about one-half of the market value and the debt was considered at face value during the bubble period.
By this method, the moon's 9.3 billion acres are worth approximately $180 billion. But it's not that simple. Critics point out Hope's business is voided by the 1967 Outer Space Treaty, which has ...
The Lost Decades are a lengthy period of economic stagnation in Japan precipitated by the asset price bubble's collapse beginning in 1990. The singular term Lost Decade (失われた10年, Ushinawareta Jūnen) originally referred to the 1990s, [1] but the 2000s (Lost 20 Years, 失われた20年) [2] and the 2010s (Lost 30 Years, 失われた30年) [3] [4] [5] have been included by commentators ...
Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering, with the chipmaker to receive listing approval ...
April 1: International Flower Exposition opens in Osaka. June 29: Fumihito, Prince Akishino , second son of Emperor Akihito , weds Kiko Kawashima . July 2: A heavy torrential rain and landslide hit in Aso-Kujyu area, part of Oita Prefecture and Kumamoto Prefecture , according to Fire and Disaster Management agency official confirmed report, 32 ...