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new Japanese economic miracleWindows
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59% Informative
Japan 's broad stock market index, the Nikkei 225 , made an all time high on December 29th, 1989 .
In the years following 1989 , the index would fall a painful 61% in just a few years .
Over the next 10 years , the S&P 500 would boom over 400% in the same time period.
This too was largely shrugged off as natural stock market behaviour.
Japan 's companies were able to unite with suppliers and produce cheap, reliable goods unlike anyone else.
In the late 1980's, the Japanese government became concerned with how much debt was floating around and it just how inflated asset prices were.
The Japanese government decided to hike interest rates from 2.5% to 6% , hoping that this would help things cool down and allow for a soft landing.
This interest rate hike was enough to push the entire country's financial system into insolvency.
Eventually, they would eventually resort to what the Economist suggested, printing money.
Starting in 2001 , Japan 's central bank began a quantitative easing program that lasted five years .
VR Score
60
Informative language
58
Neutral language
38
Article tone
informal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links