[Economic bubble 4/4] How did Japanese real estate crash?Is the Plaza Accord a conspiracy of the US 

After World War II, with the support of the United States, Japan experienced 30 years of rapid development. By the 1980s, Japan had the second largest economy in the world, with a per capita GDP of 10,000 U.S. dollars and a trade surplus of tens of billions of U.S. dollars with the United States each year. Japanese products sold well. worldwide.
Just as the economy was booming, the United States, Japan and other countries signed the Plaza Agreement, which promoted the appreciation of the yen and the depreciation of the U.S. dollar, which further accelerated Japan’s financial expansion.
In 1989, the Japanese stock market and real estate market rose by 400% compared to four years ago. Everyone believed that Tokyo and Osaka would always rise, and Japan would always be the number one in the world.
However, beginning in 1990, Japan's bubble burst overnight, and a 20-year economic recession began.
What exactly is going on? Click on the video to see it!
(English) Subtitle maker : Yu Yingyao