Japan's 70-Year Economic Miracle - Loss and Miracle Revisited?
Cú Thông Thái Cú Thông Thái
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 Published On Feb 20, 2024

Imagine your country has just been hit by atomic bombs on two major cities, killing 140 thousand people instantly. Only three days later, another major city suffers the same fate, immediately claiming the lives of another 74 thousand people.

Not to mention the hundreds of thousands who would succumb to diseases and radiation in the following years. Your country surrenders after the war, occupied by the victorious side. Homes are destroyed, two-thirds of the infrastructure is in ruins. Experts predict that 10 million people, equivalent to 15% of the population, could starve to death in the coming months.

Yet, just 30 years later, the country rises to become the world's second-largest economy by GDP, with the highest quality of life and a cultural influence that many nations in the region strive to emulate.

The stock market skyrockets and bursts in the stock and real estate bubble of 1989, causing a collapse and repercussions that still linger today, more than 30 years later.

What led to Japan's miraculous economic recovery after World War II? What caused the stock and real estate bubbles to burst in 1989, creating long-lasting consequences for the current generation? What indicates that Abenomics is driving and the Japanese government is becoming the largest shareholder and creditor of the entire Japanese economy?

In this video, we'll explore all of these questions in the simplest and most concise way.

00:00 - US Strategy
06:25 - Keiretsu
10:19 - Japanese People
11:00 - Growth Miracle
14:11 - Agreements or Traps
17:21 - Asset Bubble
25:22 - Abenomics

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