ECON-2096EL Chapter Notes - Chapter 2: Demographic Transition, Piece Work, Lay Judge
26 Mar 2017
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A general weakness of the source is that in the interest of lively style the author is prone to overstatement. The is a historian, not an economist, and the tectbook does not make use of graphs and data the way that a japanese economy textbook would. Japan"s lost decade began in the early nineties. Heisei era began with a bang when the asset bubble popped in the 1980"s. Unemployment, suicides, divorce, and domestic violence soared at this time. Lost decade: is the time after the japanese asset price bubble"s collapse within the japanese economy; from 1991 2000. Heisei era: 1989 present (emperor akihito) Asset bubble of the 1980"s: stock and real estate bubble from 1986 1991; real estate and stock prices were greatly inflated. Bad loans: delinquent loans; not being paid by the borrower. Misery index: inflation rate + unemployment rate. Koizumi: japanese politician; in power for the early part of 2000"s; advocate of neo-liberal policies.
