{"id":12522,"date":"2019-12-28T15:00:01","date_gmt":"2019-12-28T06:00:01","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2019\/dec\/28\/how-japan-has-fared-in-30-years-since-the-stock-market-bubble-burst"},"modified":"2019-12-28T15:00:01","modified_gmt":"2019-12-28T06:00:01","slug":"how-japan-has-fared-in-30-years-since-the-stock-market-bubble-burst","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=12522","title":{"rendered":"How Japan has fared in 30 years since the stock market bubble burst"},"content":{"rendered":"<p>Nostalgia for the good times has been a coping mechanism for the world\u2019s third largest economy<\/p>\n<p>On 29 December 1989, Japan\u2019s Nikkei stock market index hit a high of 38,916, a milestone that proved to be the last hurrah of the country\u2019s asset-inflated bubble economy \u2013 a period of ostentatious consumption and overconfidence in the infallibility of <a href=\"https:\/\/www.theguardian.com\/world\/japan\">Japan<\/a>, Inc.<\/p>\n<p>What followed was a spectacular fall from the heights of the mid- to late 1980s. The stock market plummeted, losing more than $2tn (\u00a31.5tn) in value by December 1990. In the years that followed, the Japanese surveyed an alien landscape of \u201crestructuring\u201d \u2013 code for cost-cutting \u2013 deflation and stagnation. When the bubble party ended, its hosts appeared to have no idea how to clean up the mess left by absurdly high share and property prices.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2019\/dec\/28\/how-japan-has-fared-in-30-years-since-the-stock-market-bubble-burst\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nostalgia for the good times has been a coping mechanism for the world\u2019s third largest economyOn 29 December 1989, Japan\u2019s Nikkei stock market index hit a high of 38,916, a milestone that proved to be the last hurrah of the country\u2019s asset-inflated bub&#8230;<\/p>\n","protected":false},"author":151,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,88,600,42],"tags":[],"class_list":["post-12522","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-japan","category-stock-markets","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/151"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12522"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12522\/revisions"}],"predecessor-version":[{"id":12523,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12522\/revisions\/12523"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}