And now 20 years later Japan is now considered to be the first "post growth society". Thanks for the upload, it's always very fascinating to look back at the rise and decline of Japan in the 80's and 90's.
This is because they have policy that don’t promote growt. Fore there to be growt there need to be room for creativ destruction and inovation. There also need to be a more open economy.
As in the '80s, when there were quite a few people who were convinced that "America had entered a stage of decline", and that "Japan would overtake it within a decade", there are quite a few people today, who think the exact same thing about China. The only difference being that instead of Japanese and Russian - yes, Russian, remember, they thought that the USSR would overtake us, too - they are trying to lean Mandarin. Times change, people remain the same. As shortsighted and ignorant as ever.
Thank you so much for uploading this documentary! It is fascinating to hear about the absurd wealth of people during the bubble economy. Also hearing about their insane public infrastructure projects to boost employment is very interesting at 1:41:52. Especially with regard to all the hopes and optimism towards the end, sadly I feel like not so much has changed 20+ years later. Still no higher birth rate, still LDP as government most of the time, still no big innovations or revolutionary new companies. Rather traditional companies like Toshiba falling apart. Maybe tourism bares a potential for the future, as Japanese culture and lifestyle are so unique. Also the fact mentioned at 2:01:48 is still up to date: With the weak economical situation, investments can be very promising.
Everybody who want to have a look behind the scenes of the most prominent player in this debacle, please have a look at the documentary : "The Princes of the Yen". Everything will make much more sense...
" Japan’s main stock market index has climbed past its all-time high after a 34-year wait, exceeding the record level reached during the country’s late-1980s asset bubble. The Nikkei 225 index of the biggest Japanese companies passed its all-time record intraday high of 38,957 points during trading on Thursday (reported 02/22/24), to close above 39,000 for the first time ever. The closing level of 39,098 was described by one sales trader as the “psychological closure everyone wanted”.
China has been borrowing Japanese Yen at 0% and exchanged to USD for investment abroad for the Belt and road initiative which caused lost of interest income in hundreds of billions for the US federal reserve. Japan has currency swap deal with the US and their debt ratio is at 260% of their GDP thus Japanese federal bank kept their 10 years bonds at minus 0.1 to 0% or else they can't pay their debt. Washington must stop currency swap deal with Japan to stop China and Japan must compensate Washington in hundreds of billions of interest income lost. Any country that has currency swap deal with Washington should not have 0% in their federal banks.
@ Jeff strong swap or no swap, these countries must be stupid to loan out money 💰 at 0%. Not sure about international loans between countries but my Japanese friend did say the jp banks (bank managers) were begging their customers to borrow money in order to meet their kpi quotas.... Free monies can only lead to one thing: bubble trouble
The 2008 crisis was caused by nasty murica and their hooked nose masters.Actually china was the one who restored the world economy the years after, so go ahead and say thank you mister xi ping for otherwise i would be starving.
@@kevinswift8654 🤣🤣🤣 been an economics n history graduate, a documentary nut, a Chinese background and a keen interest in financial, political history n psychology n cultural awareness, I definitely wouldn’t know as much as you do. And heck I can even speak Chinese language so what do I know vs your majesty’s supreme intelligence in assumptions. Anyways tell me what you know about Tulips 🌷, then you may qualify to talk a bit further with me.
And now 20 years later Japan is now considered to be the first "post growth society". Thanks for the upload, it's always very fascinating to look back at the rise and decline of Japan in the 80's and 90's.
This is because they have policy that don’t promote growt. Fore there to be growt there need to be room for creativ destruction and inovation. There also need to be a more open economy.
Japanese women
As in the '80s, when there were quite a few people who were convinced that "America had entered a stage of decline", and that "Japan would overtake it within a decade", there are quite a few people today, who think the exact same thing about China.
The only difference being that instead of Japanese and Russian - yes, Russian, remember, they thought that the USSR would overtake us, too - they are trying to lean Mandarin.
Times change, people remain the same. As shortsighted and ignorant as ever.
Japanese pizza
🧀🧀🧀🧀🧀🧀🧀🧀🧀🧀🍕🍕🍕🍕🍕🍕🍕🍕🍕
I remember seen this documentary a long time ago. Definitely deserves to be rewatched again.
Seems history is repeats itself rather frequently.
what was life back then?
@@colonel_yuri Japan was in an absolute mess. Massive losses for the average Mum and dad n many many men suicide.
Thank you so much for uploading this video
Wow thanks for posting this
Thank you so much for uploading this documentary! It is fascinating to hear about the absurd wealth of people during the bubble economy. Also hearing about their insane public infrastructure projects to boost employment is very interesting at 1:41:52.
Especially with regard to all the hopes and optimism towards the end, sadly I feel like not so much has changed 20+ years later. Still no higher birth rate, still LDP as government most of the time, still no big innovations or revolutionary new companies. Rather traditional companies like Toshiba falling apart. Maybe tourism bares a potential for the future, as Japanese culture and lifestyle are so unique. Also the fact mentioned at 2:01:48 is still up to date: With the weak economical situation, investments can be very promising.
Very apt documentary for our current times.
Everybody who want to have a look behind the scenes of the most prominent player in this debacle, please have a look at the documentary : "The Princes of the Yen".
Everything will make much more sense...
Quality stuff. Top show
26:28
Ironic coming from a Lehman Bro...
Haha I loved that too
Japan is a beautiful country ....now
"
Japan’s main stock market index has climbed past its all-time high after a 34-year wait, exceeding the record level reached during the country’s late-1980s asset bubble.
The Nikkei 225 index of the biggest Japanese companies passed its all-time record intraday high of 38,957 points during trading on Thursday (reported 02/22/24), to close above 39,000 for the first time ever. The closing level of 39,098 was described by one sales trader as the “psychological closure everyone wanted”.
What happened to the audio towards the end?
1:39 - Those poor horses. Animal abuse, nothing else but animal abuse
Most definetly animal abuse for so called entertainment.
"You cant have the ball" - Sam
tyyyy
50:05
57:30
The bank of Japan.
Richard Werner - Princes of Yen.
while of unsound mind
Can we have this in 1080?
if this was made for TV it was probably only ever broadcast at 480i at most
I was told that Japan was a ruthless lasiez faire economy but no it as social democratic as it can be well done Japan well done.
That wasn’t a horse race , that wasn’t any sort of civilized sport whatsoever, simply animal cruelty!
Yes it most certainly was.The Horse that collapsed probably had severe exhaustion.
The horses need handling with care not crualty for doing the stupid game.
The beginning really p*ssed me off seeing those horses now i dont feel bad for what happened to the economy 😂
China has been borrowing Japanese Yen at 0% and exchanged to USD for investment abroad for the Belt and road initiative which caused lost of interest income in hundreds of billions for the US federal reserve. Japan has currency swap deal with the US and their debt ratio is at 260% of their GDP thus Japanese federal bank kept their 10 years bonds at minus 0.1 to 0% or else they can't pay their debt. Washington must stop currency swap deal with Japan to stop China and Japan must compensate Washington in hundreds of billions of interest income lost. Any country that has currency swap deal with Washington should not have 0% in their federal banks.
@ Jeff strong swap or no swap, these countries must be stupid to loan out money 💰 at 0%.
Not sure about international loans between countries but my Japanese friend did say the jp banks (bank managers) were begging their customers to borrow money in order to meet their kpi quotas....
Free monies can only lead to one thing: bubble trouble
Looks sounds n smells like the China bubble trouble and the financial troubles of 2008/9 all over again.
2008/9 crisis started in US dumbell
The 2008 crisis was caused by nasty murica and their hooked nose masters.Actually china was the one who restored the world economy the years after, so go ahead and say thank you mister xi ping for otherwise i would be starving.
I don't think you understand China let alone Japan
@@kevinswift8654 🤣🤣🤣 been an economics n history graduate, a documentary nut, a Chinese background and a keen interest in financial, political history n psychology n cultural awareness, I definitely wouldn’t know as much as you do. And heck I can even speak Chinese language so what do I know vs your majesty’s supreme intelligence in assumptions.
Anyways tell me what you know about Tulips 🌷, then you may qualify to talk a bit further with me.
@@yogi9631 AFAIK China hasn't had a Japan-sized boom and bust nor a financial crisis as serious as that of 08/09.
Sony decline Japan lost score.
umm what are you talking about Sony DID NOT decline and Japan did NOT lose anything
A rabbit loses in the end
1:18:21 "Youth is necessary to get that approach" My brother in pantsu, you are over 40!
too relevant today
This is the inevitable future of China. And hopefully if they are lucky, they will recover as Japan has.
But I highly doubt it!
Why is it inevitable?
21:22
This is why japan should リガライズマリフアナ
2:45
3:09
4:36
lol