Reading Notes - "Introduction to the Japanese Economy" (Author: Akio Fujii)

This book comes from the Japanese text library series, focusing on how the Japanese economy reached the peak of the bubble in the 30 years of Heisei and the economic regeneration policy after the bubble burst. The author summarizes the entire Heisei era with "hard fighting".

After more than half a year of Emperor Showa's serious illness and national mourning, and less than a year after the arrival of the Heisei era, Japan's bubble has reached its peak. What followed was the stock market crash at the end of 1990, the property market crash in 1992, and it was not until 1997 that the myth that the bank would not fail was shattered, and the Japanese society did not fully realize that there were serious problems in the Japanese economy.

The Japanese government did not allow the economy to collapse. The prime ministers who were like revolving lights in the Heisei era proposed their own economic regeneration plans, or the plans were unsuccessful, or a new economic crisis spread, and Japan itself was constantly emerging new problems. "Lost 10 Years", "Lost 20 Years"...

For example, the Asian currency crisis in 1997, the bursting of the Internet bubble in the United States in 2000, the subprime debt crisis in 2007, the Great East Japan Earthquake in 2011, the declining birthrate and aging population, etc., although the Japanese economy has recovered from the impact of the bubble burst, a new series of The shock has prevented Japan from rebuilding a healthy fiscal and prosperous economy.

International distrust of atomic energy caused by the accident at the Fukushima Daiichi nuclear power plant, new energy pressures brought about by climate change, excessive debt levels, and an aging society that is at the forefront of the world... Issues that need to be addressed continue to emerge . The solution proposed by Akio Fujii is to actively participate in globalization and seize the opportunity of the fourth industrial revolution.

The Heisei era ended in 2019. This year, Japan's unemployment rate was at its lowest level of less than 2%, and the vacancy rate of office buildings above designated size in the city center was less than 2%. Real estate is also actively hyping the concept of the 2020 Olympics. In the Reiwa era, which started in the celebration of the whole people, just over half a year after the good economy began, it encountered a great plague that was enough to be recorded in the history books. As of now, it has lasted for more than two years; the plague has not ended, and the Ukrainian war has begun again. The Japanese economy is once again in a tough fight.

It is hoped that contrary to the Heisei era, which opened high and moved low, the Japanese economy in the Reiwa era can open low and move high, ushering in the "10 years of acquisition" and "20 years of acquisition"...