-1985-

Japanese  In 1985, lands within Tokyo commercial

TIME - LINE

asset price
districts were unable to fulfill the market
demand. So it leads to Residential land in
Tokyo commercial districts jumped
marathon -1986-
bubble crisis the end of 1986 The price of the land in

Japanese asset price bubble was
an economic bubble in Japan from the
year 1986 to 1991 in which real
estate and stock market prices were
greatly inflated and affect the Japanese
economy in many ways including Nikkei
stock index and the Japanese
currency.Whether the stock market And
land prices have gone up too much and
finally dropped dramatically that leads
Japan began to a recession.
("90s LOSTDECADE")
-1987- Tokyo and Osaka are rapidly growth so it
hits the highest raise up to
approximately 122% and 35% in Osaka
By December 1, 1987 due to economic
uncertainties after the Black
Monday(stock markets around the world
crashed, shedding a huge value in a very
-1988-
short time from Hong Kong spread to
Europe).
first sign of a possible that bubble
collapse first appeared in 1988.

-1989- How does it

In the year 1989 land prices in commercial affect the
Japanese economy
districts in Tokyo began to stagnate, while
land prices in residential areas in Tokyo
actually dipped 4.2%
and also effect the others major economic
cities in the 90s decade
The entire bubble crisis also badly

-1990- affected directly to consumption and

investment in Japan economy. As a
result, from a prolonged decline in the
-1991-1992- Between 1990 and mid-1991,
surprisingly the urban and commercial
asset prices, there was a sharp decline in
consumption, which resulted in long-
     By the end of 1991, The lag effect from the district lands had already reached the term deflation in Japan.The asset price
fall of Nikkei 225 pushed down the prices of peak. burst also badly affected consumer
urban land in most part of Japan  confidence since a sharp dip reduced
household real income.Also, After the
     By 1992, urban land prices wide declined crash in late 1990 economic growth
from the peak.However, the impact was stalled and newspapers were filled with
worse for land in the six major cities in stories of businesses going bankrupt.
Japan,bubble collapse