Why The Japanese Yen Is Collapsing (And How This Affects You)
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Top Comments (10)
When you said 1986 was almost 40 years ago, that hurt my feelings.
I'm 74 and lived through the good, the bad, and the ugly of all of this in the United States, and Japan. Your explanations are, by far, the best I have ever heard. Thank you for sharing this very important lesson.
Japan didn't have the secret ingredient, the ability to print money and export it to other countries easily.
This video is more about the history of the yen. The collapse… not so much. It’s still a good watch, but not really what the title suggests
That’s the reason why there were so many movies like Bladerunner that showed a world dominated by the Japanese, the aesthetics were Japanese etc, because they were really afraid of that happening.
For the love of god if you go to Japan, please respect the country and their culture
I lived in Japan in the 70's and early 80's, and then in Hawaii in the 80's and 90's. The Japanese were in a buying spree when I was living in Hawaii. “Between 1983 and 1986, the Japanese have purchased no less than 14 hotels, five golf courses, three office buildings and 13 large land parcels on Oahu and the Neighbor Islands. Barely a week goes by without a story of another major Japanese purchase,” such as the Hyatt Regency Waikīkī, Holiday Inn Waikīkī, Hyatt Regency Maui, Maui Marriott and the Hawaiian Regent. “They control nearly two-thirds of all the hotel units in Waikiki and almost one-fourth of all hotel units in the state.” ~ Honolulu Magazine article in May of 1987
One aspect of the lost decade that I've heard about previously was the "lost generations". This is the group of kids graduating college around the time of the bubble burst. Up until that point it was common for kids to study intensely so they could land a career at a top company where they would traditionally work for their entire lives, moving up the ladder, and eventually collect a pension. After the bubble burst suddenly companies didn't want to hire as much leaving a whole generation of people outside the normal system they were taught their whole lives. Some where able to adapt while others weren't. I've heard a story about one lady who in struggling to find what to do with her life, started a construction company and appeared pretty successful to this day, albeit maybe not the success she was promised growing up. This lost generation is a sad thing and not talked about nearly as much as the bubble is.
Most of Japans money is going into building Gundams
And … here.. we.. go..
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Top Comments (10)
When you said 1986 was almost 40 years ago, that hurt my feelings.
I'm 74 and lived through the good, the bad, and the ugly of all of this in the United States, and Japan. Your explanations are, by far, the best I have ever heard. Thank you for sharing this very important lesson.
Japan didn't have the secret ingredient, the ability to print money and export it to other countries easily.
This video is more about the history of the yen. The collapse… not so much. It’s still a good watch, but not really what the title suggests
That’s the reason why there were so many movies like Bladerunner that showed a world dominated by the Japanese, the aesthetics were Japanese etc, because they were really afraid of that happening.
For the love of god if you go to Japan, please respect the country and their culture
I lived in Japan in the 70's and early 80's, and then in Hawaii in the 80's and 90's. The Japanese were in a buying spree when I was living in Hawaii. “Between 1983 and 1986, the Japanese have purchased no less than 14 hotels, five golf courses, three office buildings and 13 large land parcels on Oahu and the Neighbor Islands. Barely a week goes by without a story of another major Japanese purchase,” such as the Hyatt Regency Waikīkī, Holiday Inn Waikīkī, Hyatt Regency Maui, Maui Marriott and the Hawaiian Regent. “They control nearly two-thirds of all the hotel units in Waikiki and almost one-fourth of all hotel units in the state.” ~ Honolulu Magazine article in May of 1987
One aspect of the lost decade that I've heard about previously was the "lost generations". This is the group of kids graduating college around the time of the bubble burst. Up until that point it was common for kids to study intensely so they could land a career at a top company where they would traditionally work for their entire lives, moving up the ladder, and eventually collect a pension. After the bubble burst suddenly companies didn't want to hire as much leaving a whole generation of people outside the normal system they were taught their whole lives. Some where able to adapt while others weren't. I've heard a story about one lady who in struggling to find what to do with her life, started a construction company and appeared pretty successful to this day, albeit maybe not the success she was promised growing up. This lost generation is a sad thing and not talked about nearly as much as the bubble is.
Most of Japans money is going into building Gundams
And … here.. we.. go..