Japanese economy takes off, starting with the 1950 Korean War . The United Nations Army led by the United States entered the Korean Peninsula to open up a battlefield. In order to facilitate supply, the US military placed a lot of orders for Japanese companies, making Japanese companies make a fortune.
After 1960, Japan undertook industrial transfers from Europe and the United States. Japanese products with low prices and high quality quickly occupied the European and American markets, making Japan a world-renowned manufacturing power.
In 1985, after Japan signed the square agreement, the yen appreciated sharply, and Japan's housing prices soared. In order to curb the housing price bubble, the Japanese government took the initiative to puncture the real estate bubble in 1990, and then housing prices plummeted, and since then, the Japanese economy has not recovered.
After the housing price bubble burst in 1990, the economy also entered a recession, and the manufacturing industry moved to the cheaper East Asian powers. The world's leading Japanese home appliances, electronic consumer products, automobile industry, mechanical processing and precision manufacturing industries are gradually declining, and their market share is getting smaller and smaller.
Employment opportunities decreased, there were fewer promotion opportunities, and the suicide rate remained the world's number one for many years. Young people no longer believe in getting rich through hard work, and do not believe that knowledge changes destiny. The twenty-year bear market has allowed young people to enter a society of low desires. Otaku culture is prevalent, and young Japanese people are completely lying flat!
Aging has become a burden to Japan, and fewer young people need to support more elderly people. How to rejuvenate society may be worth our thinking!
