Who is afraid of bursting the bubble? Not Japan’s elite
We will never know whether the elite’s proactive bursting of the bubble brought more or less pain and hardship on society than a laissez-faire approach would have.
Zombie companies feed off the living
Like their namesakes, zombies feed off the living. They are companies that should close their doors but don’t, cannibalizing healthy businesses, depriving them of customers and income.
The post-COVID-19 industrial revitalization
There’s still no end in sight for the pandemic crisis, but as Japan’s economy averts a worst-case scenario, how to revitalize its industries is becoming a major issue.
S&P warns it could be bubble time again for Japan's real estate companies as debts rise
Japan's real estate firms are entering dangerous territory. That's the assessment of S&P Global Ratings, which said in a report Friday that the sector's debt levels now eclipse that of the nation's bubble era. Remember that? It was back in the 1980s, when newspaper headlines ...
Japan's print media ponder wealth, poverty and pensions
One of my recollections from the bubble economy of the 1980s was a passage in a 1987 book titled "Hokokuron" ("The Theory of National Wealth"). Its author, the late economist Taiichi Sakaiya, stood out as one of the bubble era's most fervent cheerleaders. An American ...
Disco's not dead: Japan grooves to bubble beat for Heisei Era sayonara
Disco fans hit the dance floor and partied like it was 1989, reliving the glitz of the "bubble economy" heyday that defined the early years of the outgoing Heisei Era. Tuesday night was the last chance for nostalgic Japanese to bid sayonara to the three-decade ...
Defining the Heisei Era: Japan indulges in excess
The Japan Times presents the first installment of a monthly 12-part series that looks back at the leading issues of the past three decades.
Shut in by the past yet still unable to face the future
Mom, dad, two kids, nice house, nice suburb, good income — you just know this story is about to go smash. There's something about the 1970s and '80s that inspires nostalgia. They were to Japan what the 1950s were to the West — bland but ...
