Japan experienced a major economic bubble in the latter
half of the 1980s. There are two major indicators that tell
the magnitude of the bubble. One is land and the other is
stock. I wish to share my views with you as to why the bubble
occurred and why the economic recession has lasted so
long and what are the implications for management.
Amano, M.M. Micro Actions, Macro Results: The Japanese Economic Bubble: A Management View. Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.