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The Bubble Economy Of Japan
Part 1 of Paper
.... of GNP in 1967 and 1968 was above 10 % (double digit
growth period) which exceed countries such as Britain, France and Germany. The
economy experienced a boost is due to many reasons, such as: enlargement of
industrial facilities, massive adaptation of western technology and education,
lower the military expense to 1%.... Part 2 of Paper
....uffer a period of
recession, so the government strongly encourage business activities to
strengthen the economy in order to prevent backwash effect. It was this event
which boost up the GNP and raise the exchange rate. With this exchange rate
advantage it stimulate business activity on housing and stock investment which
created a bubble economy. During this period almost the entire country was
involve in land speculation or other speculate activities. In this essay it
will prove that land sp.... |
| Number of words: 4675 - Approximate pages: 17 |
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