A crise da economia japonesa nos anos anos 90 : impactos da bolha especulativa
By: TORRES FILHO, Ernani Teixeira.
Material type: ArticlePublisher: São Paulo : Nobel, jan./mar. 1997Revista de Economia Política = Brazilian Journal of Political Economy 17, 1, p. 5-19Abstract: From 1953 to 1992, Japan reached the highest economic growth rates among industrialized countries. This performance was achieved despite two ou shocks and the endaka the continuous rise of the yen vis-à-vis the dollar. This long term growth cycle carne to a sudden halt in early 90s. Japanese economy stagnated while other industrialized countries continued growing. This was mainly due to the economic buckle burst. From 1990 to 1992, the value of urban land and of the stock market index were cut to almost half. As a result, Japanese banks accumulated US$ 800 billion performing assets. This paper intends to analyse the Japanese bubble economy crisis and its long term impacts on the Japanese economy, on its financial system and on its bilateral relations with the United StatesFrom 1953 to 1992, Japan reached the highest economic growth rates among industrialized countries. This performance was achieved despite two ou shocks and the endaka the continuous rise of the yen vis-à-vis the dollar. This long term growth cycle carne to a sudden halt in early 90s. Japanese economy stagnated while other industrialized countries continued growing. This was mainly due to the economic buckle burst. From 1990 to 1992, the value of urban land and of the stock market index were cut to almost half. As a result, Japanese banks accumulated US$ 800 billion performing assets. This paper intends to analyse the Japanese bubble economy crisis and its long term impacts on the Japanese economy, on its financial system and on its bilateral relations with the United States
Revista de Economia Política 1997
v. 17, n. 1(65)
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