The Economy of Japan had experience a tremendous ontogenesis since the end of the Korean war. The growth of GNP in 1967 and 1968 was above 10 % (double digit growth head) which exceed countries such as Britain, France and Ger many a(prenominal). The economy experienced a boost is due to many reasons, such as: enlargement of industrial facilities, massive reading of western technology and education, lower the military expense to 1% of GNP, relation with power nation, human resources and their spirit to achieve zero error program. But after the first and second oil crisis that cash in ones chips from 1973 onward. The economy move downwards partially due to the misfortunate management of frugal policy. Although the government had attempt to adjust the economic policy but the recovery was slow. As the soaring of pine away continues the demand for export has increase tremendously. With the concern of the United state of matter of this problem, president Reagan and the G5 have signed an transcription with Japan called Plaza Agreement , the agreement stated that the metamorphose rate of Japan and Deutschmark back end appreciate against the U.S. . Since then the yen value began to appreciate, Japan was press release through a period of trade balance adjustment.
composition Japan is prepare to go through a period of trade balance adjustment, it will also suffer a period of recession, so the government strongly encourage task activities to strengthen the economy in order to prevent raceway effect. It was this event which boost up the GNP and raise the exchange rate. With this exchange rate advantage it stimulate business bodily function on housing and stock investment which cookd a erupt economy. During this period almost the entire country was involve in land speculation or other speculate activities. In this essay it will prove that land speculative activities had create many...
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