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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.
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 ...
The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “Importantly: Fundamentals are sound, the economy is doing fine ...
The crash of the Japanese asset price bubble from 1990 on has been very damaging to the Japanese economy. [22] The crash in 2005 affected Shanghai, China's largest city. [23] As of 2007, real estate bubbles had existed in the recent past or were widely believed to still exist in many parts of the world.
The stock market is not the economy—just look at what’s happening in Japan. Japan’s equity markets broke a record on Thursday, when the Nikkei 225 closed at 39,098.68.
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The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “Importantly: Fundamentals are sound, the economy is doing fine ...
April 1: Japanese National Railways is privatized and becomes the seven Japan Railways Group companies. April 4: The Ariake Coliseum in Koto Ward, Tokyo, is completed. June 1: Asahi TV starts broadcasting the popular short factual television programme See the World by Train (世界の車窓から)