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Overview Of Japan's Economy Japan's economy has been one of the most successful economies of the post-second World War period. During the 1950s and 1960s, it experienced rapid growth rates of real GDP, averaging at almost 10%. In the 1970s, the government began to deregulate financial markets. During the mid-1980s, the government loosened the country's monetary policy, which caused the money supply to increase and interest rates to fall. The combination of these two actions helped create a speculative bubble. Corporations were able to obtain low interest loans and used these to raise funds by speculating on the financial market. These some of these funds were used for capital investment, but mostly the funds were reinvested back into the speculative market. As the Nikkei kept rising higher and higher, corporations were able to report their speculative profits as higher earnings. Investors would then rush to purchase their stock, which drove earnings...

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