Japan in the 1980s: when Tokyo’s Imperial Palace was worth more than California and golf club membership could cost US$3 million – 5 crazy facts about the bubble economy.
“Japan in the 1980s: when Tokyo’s Imperial Palace was worth more than California and golf club membership could cost US$3 million – 5 crazy facts about the bubble economy.”
In the late 1980s, U.S. business schools were teaching that Japan, Inc. was an unstoppable economic powerhouse that was going to take over the global economy. Two years later, Japan entered a 30-year depression from which it has only very recently emerged.