What happened to Japan after 1996
What happened to Japan after 1996
Nathaniel Reed
Carson Ramirez
1995*
bubble exploded. also they got BLACKED by the US because they were tricked into not devaluating their currency.
Robert Hughes
>turkish economics
Brandon Rogers
Didn't they have a deflation crisis? Economy stagnated as money kept becoming more valuable and people weren't investing.
Josiah Nguyen
They sold their industry in 1990 to China and South Korea, they then rode on the high for a few years while buying into the investment meme and housing meme, then when they stumbled a bit, everyone panic sold and their economy took the plunge you see.
Angel Price
>Economy stagnated as money kept becoming more valuable
Explain how that works to a brainlet.
How does your economy stagnate if your currency is stronger?
Aiden Torres
People won't be able to buy your products if your currency is stronger. They also won't be able to invest in your country because shit costs money
Jonathan Price
also the reason why China tries hard to keep Yuan weak.
In the 90s, China and Korea were massive villages.
Leo Evans
>What happened to Japan after 1996
the same thing that will happen to China
Ayden Rodriguez
there is no such thing as sustainable growth