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Bubble Economy and Its Generation

  • Mitsuhiko Iyoda
Chapter

Abstract

The Japanese economy survived two oil crises and experienced moderate growth. Inflation settled down and Japan’s trade surplus largely widened in the early 1980s. Everything seemed to be going well. The bubble economy evolved and then burst, which brought prolonged stagnation of some 10 years. As a result, the economy had to pay huge penalties. We deal with these matters in this and the next chapter. This chapter deals with the bubble economy and its causes. First, we explain the properties of the bubble. Second, we discuss accumulated causes leading up to the start of the bubble economy, and the triggering role of monetary and fiscal policies.

Keywords

Real Estate Financial Institution Fiscal Policy Money Supply Capital Gain 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.St. Andrew’s University (Momoyama Gakuin University)OsakaJapan

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