What happened to the economy of Japan?
Japan’s Bubble Proves Markets Needs Rules- Singapore did it Right As I dabble in matters of economics, purportedly to get a deeper perspective of happenings in the world, I have just come across the sovereign nation of Japan- and the baffling situation it finds itself in today- and actually has been in for several decades. As is well-understood, the 70s and 80s were the salad years for this nation. Manufacturing, particularly automotive and electronics, were dominating the world and it was a powerhouse economy that the world was dying to engage with. Anecdotally for me, I was struck by how every rock band of every fringe genre always played at the Budokan in Tokyo or in other venues in Osaka. Deep Purple came up with a seminal piece of work called "Made in Japan", which had the punchy arena tune "Woman from Tokyo" on it. Similarly, in the early 80s the American band Styx wrote an enigmatic and somewhat dystopian tune based on the proliferation of Japanese technol...