日本：经济泡沫.ppt

Japan：Beyond the Bubble Finance Class 2 赵祎玮 2013221116 Japanese Bubble Economy time:in the 1980s~the early 1990s background:a combination of expectionally high land values and low interest rates briefly led to a position in which credit was both easily available and extremely cheap.This led to massive borrowing,the proceeds of which were invested mostly in domestic and foreign stocks and securities. price of the Japanese yen increase compared with the USA dollar the sharp increase of land and stock price lead to economic bubble,which means a fake prosperity economic situation of Japan:the greatest creditor in the world and its GDP became the second largest in the world next to the united states. consequence of the bubble inefficient allocation of resources delay of economic restructuring due to speculative investment economic recession bad loans and credit crunch low consumer confidence Burst of the Bubble Economic Japans economic bubble began to shrink in the early 1990s followed by a long economic slump. As a result,the price of land and stock began to fall. the change of average stock price from 1985~1995 change of the house price in Japan * *