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  • MGT H

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    ARSHDEEP SIDHU
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    This document summarizes Japan's economic boom and bust from the 1980s to the early 2000s. In the 1980s, at the height of Japan's economic power, Japanese tourists and businesses flaunted their newfound wealth globally. But in the 1990s, Japan's economic bubble burst as financial markets collapsed and the real estate market crashed, plunging the country into a "lost decade" of recession. The recession had social impacts as well, as broken dreams led to high rates of suicide and the rise of terms like "parasitic singles," "hikikomori," and "death from overwork" to describe troubling social phenomena that emerged from Japan's troubled economy.

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    This document summarizes Japan's economic boom and bust from the 1980s to the early 2000s. In the 1980s, at the height of Japan's economic power, Japanese tourists and businesses flaunted their newfound wealth globally. But in the 1990s, Japan's economic bubble burst as financial markets collapsed and the real estate market crashed, plunging the country into a "lost decade" of recession. The recession had social impacts as well, as broken dreams led to high rates of suicide and the rise of terms like "parasitic singles," "hikikomori," and "death from overwork" to describe troubling social phenomena that emerged from Japan's troubled economy.

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    23 views1 page

    MGT H

    Uploaded by

    ARSHDEEP SIDHU
    This document summarizes Japan's economic boom and bust from the 1980s to the early 2000s. In the 1980s, at the height of Japan's economic power, Japanese tourists and businesses flaunted their newfound wealth globally. But in the 1990s, Japan's economic bubble burst as financial markets collapsed and the real estate market crashed, plunging the country into a "lost decade" of recession. The recession had social impacts as well, as broken dreams led to high rates of suicide and the rise of terms like "parasitic singles," "hikikomori," and "death from overwork" to describe troubling social phenomena that emerged from Japan's troubled economy.

    Copyright:

    © All Rights Reserved
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    of 1

    This brazen workaholic culture has long paid off.

    In the 1980s, at the height of Japan's economy, the


    recreational life of a recently blushed resident became the envy of the world. Tourists flocked to all
    corners of the world, staying in the finest accommodations and shopping in the best places. "I'm
    Japanese," one New York Times described the submissive treatment she received at a Fifth Road store in
    1989. "I can see it in her eyes:

    Twinkle, twinkle, some money. In her home, the Nouveau millionaire sprinkled her noon espresso with
    gold shards and, like many Pokémon, amassed interesting artwork and extravagant vehicles. On the
    corporate front, flashy purchases of U.S. gems by Japanese companies such as California's Stone
    Oceanside Fairway, New York's Rockefeller Place, and Columbia Pictures have sparked even more hatred
    and 'financial pearl harbor'. caused an angry incident of

    Broken dreams probably led to the highest rate of self-destruction in the modern world

    But just this year, the country's financial bubble burst. The booming financial markets faltered and then
    collapsed, and so did the real estate market. Stagflation began and Japan's once-prosperous
    development choked into a torrent. Many residents found the activity completely submerged. A series
    of incompetent top leaders remodeled by congressional lobbying failed to bring about significant
    change. US lawmakers no longer stop on their journeys around Asia. Japan Inc. went bankrupt. As the
    country surrendered its respected assemblers to fierce rivals in China, South Korea and Southeast Asia,
    the longing for global and surprising local dominance vanished. A Japanese financial analyst now calls
    the 1990s and his 2000s the country's "many lost years." Either way, the recession wasn't just financial.
    It was close to home. Broken dreams have led to perhaps the highest rates of self-destruction in the
    modern world.Organizations have scaled back their desires, and graduates who have been waiting to
    enter college and have a lifelong business are now unfortunately local We were facing what people
    called the "employment ice age" -- a vocabulary of new terms that sprang up to predict obscure social
    ills. “Parasitic singles” lived with their parents until adulthood, waving checks to designs and clubs rather
    than preparing for the future. "Hikikomori" completely abandoned society, refused work and schooling,
    and rarely left their homes. "Freeters" were people who were forced to dance between seasonal jobs in
    between jobs, and were the predecessor of the gig he economy. And then there is the word "death from
    overwork." It's a horrible word for being literally worked to death by your boss.

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