The Japanese Bubble Economy

Since I was born, I heard so legion(predicate) songs which sing about a depression. There are 94 songs which have word of ??? in the lyric web site. Besides, my uncle who lived in Tokyo past a good deal says that he wants to go pricker to the belch sparing era. He said that he perpetually moved by victimisation taxi, and he purchased many dear(predicate) bags and accessories for his wife and his friends in the blab out economy era. However I cannot believe them be brace he is glowing to save money and he never buy me much(prenominal) expensive stuff, and also I felt the Bubble economy was so incredible one. Then, what is the Bubble economy and why it occurred ?\n\nWhat was the cause of the bubble economy?\n onwards the Bubble economy, the early 1980s, japan experienced little flourishing economy called ??????. It drawned by Reaganomics in America, the yen became weakened against the dollar, thousands of Japanese produces like consumer electronics was exported to America. Japanese diligence gained its competitive edge by copying westerlyern products, and amend upon them and selling them back to the air jacket for cheaper prices, Japanese products was known to extravagantly quality and low priced then, they interchange like hot cakes. On the other hand, American municipal exertion was in financial difficulties because of it. By then, American manufacturing industry made a plain to improve the situation. As a result, The stead Accord was formed. The Plaza Accord is arranging which gestural at the Plaza Hotel in New York City, was a pro-growth system signed by what was then known as the G-5 nations: West Germany, France, the coupled States, Japan and the United Kingdom. To make long narration short, by lowering the treasure of dollar, they raised the value of yen. It was agreement to raise the price of Japanese products. The agreement had an immediate ensnare on Japanese economics. American consumer bought American products because Jap anese product became high quality and expensive. Actually, the succeeding(prenominal) day of the Plaza Accor...