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This economic miracle was the result of post-World War II Japan and West Germany benefitting from the Cold War.The American government reformed Japanese society during the occupation of Japan, making political, economic and civic changes.
The Japanese asset price bubble (バブル景気, baburu keiki, lit. ' bubble economy ') was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. [1]
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 ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
In order to address the Japanese budget gap and growing national debt, the Japanese National Diet, at the urging of Prime Minister Yoshihiko Noda of the Democratic Party of Japan (DPJ), passed a bill in June 2012 to double the national consumption tax to 10%. [16]
Japanese–Vietnamese relations (Japanese: 日越関係; Japanese: にちえつかんけい Nichietsukankei; Vietnamese: Quan hệ Nhật Bản - Việt Nam) are over a millennium old, and the establishment of friendly trade relations can be traced to at least the 16th century.
The name for Japan in Japanese is written using the kanji 日本 and is pronounced Nihon or Nippon. [11] Before 日本 was adopted in the early 8th century, the country was known in China as Wa (倭, changed in Japan around 757 to 和) and in Japan by the endonym Yamato. [12]
The Bank of Japan (日本銀行, Nippon Ginkō, BOJ) is the central bank of Japan. [4] The bank is often called Nichigin (日銀) for short. It is headquartered in Nihonbashi, Chūō, Tokyo.