High economic growth prevailed from the mid-1960s through the 1970s with the expansion of manufacturing facilities and sales of such as television sets, refrigerators, and automobiles.
During the two oil crises in the 1970s, Japanese economy showed its resilience. Japan began to developing fuel-efficient products and manufacturing processes as a respond to the Oil crises.
Yen was introduced to Japan in the mid-1980s. One yen equals to 0.00995 U.S. dollar. Yen has a lot of zeros on the end. A bus fare in Japan is between 600-700 yen. Japanese Salaries are often between 350-400 thousand yen. A rent in Japan is approximately 40-60 thousand yen. Yen has a large value. At early 1990s, bubble economy started and all the land, stock prices suddenly collapsed. Real-estate values in the markets dropped 30 percent or more. I doubt that the economy before the bubble economy was fueled and thrive that it had to end.
Japan experts are trying to move the economy back into a strong, productive cycle for the last few years. I think Japanese economy will be fully recovered in 2008, in