Japan's Economic Journey: From Frozen Money to Inflation Surge
Introduction Imagine a country where money, salaries, and prices remained frozen for decades, and a real estate market rivaling that of California. This was the reality in Japan, but now, the massive money experiment is over. Let's delve into the intriguing journey of Japan's unique economy and its recent economic shifts. For decades, Japan stood as a peculiar case study in the global economic landscape, marked by a unique combination of factors that contributed to its prolonged stagnation. One of the most striking features of this period was the phenomenon of "economic hibernation," where money, salaries, and prices remained largely stagnant for an extended duration. This stagnation was partly attributed to the aftermath of the bursting of Japan's asset price bubble in the late 1980s, which led to a protracted period of deflation and economic malaise. During this time, Japan's real estate market emerged as a notable anomaly, often drawing comparisons to the...