I love how as soon as you start talking about the golf clubs, your voice starts trembling like you can barely contain your laughter

@Pau_Pau9

28 күн бұрын

Seriously, at the level of GDP of Taiwan at the time! Pure hubris.

@damunzy

28 күн бұрын

​@@Pau_Pau9it just shows you that money is made up and doesn't really mean anything.

@yudhiadhyatmikosiswono9082

27 күн бұрын

It makes sense, i read old manga called Doraemon which published in early '80. In many chapter, main character (Nobita) father often see cleaning his gold clubs. Not jus his father but also his uncle and his father coworkers and bos. We can see that golf club not just hobby but necessity for networking.

@EmitOcean20

27 күн бұрын

​@Pau_Pau9 good post. Accurate.

@mrgrumpy888

27 күн бұрын

I've heard the term "Japanese golf clubs" being used to describe lots of money or rich people multiple times in my life but I never had any idea what the association was until now.

I remember seeing a comment about modern day America reflecting 1990's Japan. Many young Americans are struggling to hit important life events that were deemed important by American culture. Many young Americans can't afford homes, struggling with the inflated prices, yet the stock market and real estate market remain near all time highs. Birth rates are declining, mental angst has been rising, a sense of hopelessness is filling the air. This channel has really made me understand how important economics is when it comes to shaping people. I always thought it was just business and numbers, but it dictates cultures.

@Samookely

28 күн бұрын

when people mistaken it for just statistics is when people start getting it wrong. There’s always a humanitarian aspect to the economy. When corporations treat people like disposable assets more than humans people will naturally start to realize whats going on and get upset. When people start quitting, or when mass layoffs happen, it affects business performance, which affects the economy. This feels like it should be common sense for some people but theres plenty of people in this country who still have very little idea how economics works, unfortunately due to our education system being lacking in that department

@nicholasgutierrez9940

28 күн бұрын

The main thing is balance, an integral law of the universe. We just experienced skyrocketing increases in the standard of living. Now we can’t get more. In fact, it’s decreasing because we relied on the wrong foundations. Now those foundations (easiest is cheap foreign labor) will experience what we once had. It’s a trade off and has always happened to civilizations in the past.

@user-us3xi7se5b

28 күн бұрын

I'm very worried about the overall societal degradation from lack of wealth. I'm even more worried that people are blaming the symptoms (drug addiction, homelessness/rv camping, and being young and poor).

@LazarusStr

28 күн бұрын

Completely agree with both of you. This channel brought me to the same realization. Depending on where you go to school and cultural norms, economics isn't broken down for people to understand the impact it can have on the individual it's being taught to or on their future self. As I watched this video, all I could think about is the current state of America. I am wondering what else will be in store for my future self when the time comes for me to slow down (just a but 😉, lol) and retire. I have high hopes for my future because I believe in a higher power. With that being said, I won't lie about some of the jitters I feel regarding that same future 🫠. This was a really great watch ❤❤❤

@lankyrob6369

28 күн бұрын

The economy is comprised of.... people

Japan is living 20 years in the future, 40 years ago.

@quinnard9750

28 күн бұрын

oof

@vali69

28 күн бұрын

You know as like a passing thought, this really was the case it did feel like in the 80s they were 20 years ahead of their time, I've been looking recently at japanese sport cars and sport bikes from around that time, the 80s and 90s and they simply were amazing pieces of engineering. As an example I'll give the gtr, the r32 was ahead of it's time with it's attesa all wheel drive system and the rb26 engine was an unbelievably great engine for the time that stock with the factory limitations out would output close to 400hp, while advertised it was 276, and today there's no inline 6 engine like it. Another example is the nsx, it literally destroyed the competition, predominantly ferrari. And motorcycles were even more insane but they've kept up with the insanity for way longer and peaked in the early 2000s. So yeah, it feels like their engineering was way ahead of everyone elses at that time.

@avonchalksdale

28 күн бұрын

It’s been the year 2000 in Japan since 1980

@tkl3_01

27 күн бұрын

They were futuristic - in the 1980s....Now, they are truly retro and backwards compared to other Asian nations.

@MaxPuliero

27 күн бұрын

Retro hi-tech, the best.

When the narrator mentioned 'The Lost Generation' of where they're pressured of getting good grades, securing a high paying job, but facing limited job opportunities, it hits really hard to me. This generation is referring to people who were born in the 80s-90s during Japan's economic downfall...aka The Millennials. I myself belong to this generation and I feel their pain.

@henrymorgan3982

17 күн бұрын

This video is a short explanation of what happened. This is the reason all people should keep up with pertinent financial and geopolitical news from “reliable” sources.

@Seanthefox

11 күн бұрын

It's happening in the USA too. I feel your pain, being a millennial myself. I hope the next decade gets better for everyone.

Man the 70s & 80s was good for everyone, now we’re all paying the price for the life our grandparents lived.

@TheControlBlue

25 күн бұрын

Economics is just Time and Delayed Consumption. Debt is Sin.

@dharkbizkit

20 күн бұрын

ye, around 10 years ago, my grandfather told me, that he wouldnt wanna be young in this world and feels sorry for the young generation but never thought, that the boom he lived in, would end and turn for the worse and is glad, that he was there during the golden times. then he usally points towards "well, but you can still have it, just be in the top 10%, study, be smart, select the right fields" and i usally ask him, if he needed to do that too, then he turns silent

@bananayummyable

20 күн бұрын

Not even grandparents, it’s the baby boomer parents too

@mac1bc

20 күн бұрын

If you are able to have a decent paying job and bought a house before the pandemic, it's not too bad. I can understand the younger folk's struggle, though

@nevermore6459

20 күн бұрын

And paying pension for them too.

You just unlocked a new obsession for me. Vintage 1980s videos of Japan.

@udittlamba

28 күн бұрын

v a p o r w a v e

@Prockski

28 күн бұрын

There are some great vids on KZread. I often play them in the background of my house parties.

@ihaveanova

28 күн бұрын

Lol, Right?! It has such a nostalgic and dreamy feeling to it. If I could ever choose to be reborn somewhere else in the world, I'd choose that country and time period just to experience it.

@tylerjones9197

28 күн бұрын

@@udittlambafuture funk 🪩

@The777brown

28 күн бұрын

Trappin in japan 3 😁

One of the things tormented the youths in lost decades was that their own parents didn't believe their sons and daughters couldn't get a good job because of the economic downturn but because they just didn't work hard enough. Japanese society as a whole gave almost no help and left the majority of lost generation to Jiko-sekinin (literally: self responsibility, meaning: it is your own fault and not ours) state despite many stats showing their struggles comapared to their parents. What is interesting to me is that the recent "entitlement" debate has some resemblance to Japan's "jiko-sekinin" debate. I feel lost generation is looming up in the States as well.

@LadyRavenhaire

28 күн бұрын

It's a little different in the US because the bad economy affected even the post-war generation. The inflation rate rose so high, their social security (old age national pension) was reduced to very little. For those of us who are still working, the salaries haven't changed in 20 years. Everything has doubled but salaries still the same. The average American doesn't have $400 in their bank account for an emergency. $400 is only food money for one person for a month. You cannot afford to pay rent with that. Average rent is $1,800/month minimum.

@poetryflynn3712

28 күн бұрын

@@LadyRavenhaire The problem that no one wants to mention is that globally we moved from a money based economy to an equity based economy. No one was educated on how to deal with the change, and we're still dealing with the consequences.

@MarKeMu125

27 күн бұрын

​@@poetryflynn3712yup. All corporations are now run for their shareholders, not for doing actual business. Boeing is the latest high profile example of this, they used to be run by engineers who believed in safety but now run for corporate greed and have been asset stripped, cutting corners make their profit margins look good. Their aircraft keep featuring in headlines due to serious manufacturing issues. This is all so the top 1% gets richer who lobby governments not to tax them, but wealth redistribution (tax the rich) is the only way the wealth monopoly will end.

@thousandaireradio3199

27 күн бұрын

@@poetryflynn3712I don’t suspect you will get a response from her 🤷🏻‍♂️😁

@JB52520

27 күн бұрын

@@LadyRavenhaire Yeah, if I wasn't living with my mom (but otherwise alone forever), I couldn't afford to eat. On second thought, I'd have enough to eat if they let homeless people in stores. $1800 a lot more than I make in a month. The US doesn't give a crap about people on disability. No other country wants someone who can't work. I'm going to rot in this hell until I die.

There’s also the 1986 U.S.-Japan semiconductor agreement which similar to the plaza accords came about from the fear of Japanese economic growth ended up hurting its semiconductor business

@noname-dk7ri

18 күн бұрын

Yes, I believe the agreement included something like 20% of Japanese production to be done overseas (Please look it up if you are curious). Therefore, Japan transferred its technology to Korea and Taiwan, and Japanese engineers went there as well.

@Dan.R.A

18 күн бұрын

Yes, the channel Asianometry has a good video on this

@gregh7457

16 күн бұрын

this came about because japan was dumping chips below cost and putting up barriers to american chip mfg's importing into japan.

@dfdf-rj8jr

12 күн бұрын

@@gregh7457 Yeah but you can't say that on KZread, they gotta blame America for everything.

@genbond7459

5 күн бұрын

​@@noname-dk7ri... They went to Malaysia, Singapore, Thailand too.

There's something about that VHS aesthetic at the start. 😅 Let's face it, the sound of a tape cassette getting slotted is straight out of ASMR, and I'm all for it! 😂

@chessx6847

14 күн бұрын

My thoughts are the same. Such a vibe.

@nubuju631

8 күн бұрын

Everytime a documentary starts with that, i know it’s gonna be good 😂

Well done! As a westerner living in Japan since the early 80's, I witnessed first-hand the bubble and its collapse, and continue to live with the after effects. My children, nephews and nieces have had to endure the economic stagnation and stagnated corporate strategies and tactics. Many corporations are still requiring their staff to follow bubble-era practices that simply do not work in today's fast-paced world. The younger generation realizes that things need to change, but there is no leadership in either industry or government willing to take the risk to change things. I dread to think of how difficult it will be for my grandchildren to find meaningful work unless thinking here changes.

@enwi3nd

26 күн бұрын

I would sadly argue Japanese automaker responsiveness to electrification is a material example of what you describe.

@rickmossop3733

26 күн бұрын

@@enwi3nd I thought Japan was one of the slower countries to try to force EVs. Which is very likely a wise move.

@MarkShinnick

26 күн бұрын

Yes, half of Americans are in a truly bizarre state of denial of what's fast arriving upon the USA.

@ziggs123

26 күн бұрын

There is yet no solution to the situation. The rich are filling their pockets endlessly while AI is eating Jobs day by day and the middle class is getting destroyed day by day. Capitalism is at its ending stage

@noname-dk7ri

26 күн бұрын

Here is a Japanese woman who turns 40 today. I agree wholeheartedly.

The production quality of this video is just through the roof, amazing. Good job, Dagogo and Team ColdFusion!

@Iris-ei1cm

17 күн бұрын

Well yeah, its basically just the 2000 BBC documentary 'Bubble Trouble in Japan', just in a different order. Not quite plagiarism, but not very impressive either...

@miriamllamas224

15 күн бұрын

And with a cute AI song ❤

Its funny how in the western media no one ever talks about the true reason for Japan's downfall.....the US Japan trade wars of the 80s and 70s that culminated in the plaza accords.

@fongkongyiew4838

21 күн бұрын

and now US and the west wants to repeat this with China, but it won't end up like what the west expects this time.

@shortking-vp9vv

18 күн бұрын

Right? That’s what I was thinking. When he said that I was like “oh. So the US ruined everything again like it normally does”

@dasbubba841

18 күн бұрын

@@shortking-vp9vv Lol, no.

@afrikaandbeyond4271

17 күн бұрын

America uses economy as a weapon .. like pirates in the Caribbean sea.

@tommyh.2570

15 күн бұрын

Thank you! Absolutely correct, they started the trade war and destroyed Japans economy.

not lost decade. lost decades. like 40 years. Still down.

@Arigator2

28 күн бұрын

Going from 2nd in the world to 4th isn't such a huge catastrophe. People act like Japan turned into Argentina. Being equal to the US with 1/3 the population and few natural resources was not viable. Being at their max level was not sustainable.

@dragonbane44

28 күн бұрын

​@@Arigator2 yeah their economy stagnated but their population is also declining. Which means their living standard is not falling at the very least.

@manoj1350

28 күн бұрын

​@@dragonbane44 but it is going down and their mental health issues is highest in normal economy west is banna republic but asia isn't

@Arigator2

28 күн бұрын

@@manoj1350 lol, Japan is fine. If you want to see a real economic disaster look at China.

@twenty-fifth420

28 күн бұрын

It is called the Lost Decade because Japan’s economic forecasts literally changed overnight after the 80s collapse. Remember during their peak, Japan was the third largest economy in the world, behind the USSR and the US. After the bubble popped, the economy stagnated. It is the ‘Lost Decade’. not the ‘Lost Decades’. Intuitively, this makes sense, because Japan hasnt fallen much since the 90s. The economy just kind of flatlined.

When money gets cheap , people get crazy with debt, this statement is deep.....

@pin65371

24 күн бұрын

I'm watching this and seeing the same thing playing out in Canada.

@lAITDlusshunk

24 күн бұрын

I've seen this myself. I own a motorbike dealership and sells what considered "premium bike" in my country. in 2021 - 2022, our government gives a lot of covid help funding and cheap money lending to people. In those 2 years, my bike sold almost triple what I usually sell annually. This year, a lot of them can not pay their debt anymore or afford to maintain the bike and a lot of them are selling it. It's crazy how people can just loan and spend money without much thinking when the loan is cheap or easy to access.

@ebubechiibegbula5968

24 күн бұрын

@@lAITDlusshunk it's human nature that is why we should teach responsible use of money....

@torregoshi6055

22 күн бұрын

Fucking love the Haiku

@zedarzy3547

22 күн бұрын

Finance and business leaders are well compensated to prevent bs like this yet we are sailing from disaster to disaster. I for one dont see higher compensation being justified

I was captivated by this video from the moment it started playing, the music, that instant nostalgia from that vintage cinematography … very well executed video

Well done. Simply well done. You managed to explain all that in under 30 minutes in a way that was easy to follow. Subscribed!

I arrived in Japan as a teenager in the early 80s. This video brought back many good memories of my youth. After the bubble collapsed, so many of my Japanese friends and I just assumed that the economy would bounce back after a while and all we had to do was just 我慢 (gaman: endure, don't give up, persevere) for just a little bit longer. But that time of "gaman" turned into decades of our entire adult lives. We still do our best and endure despite tough economics and so many natural disasters, which makes it ever more important to appreciate any small pleasures we can find whether that be meeting up with old mates at a local izakaya, taking the time to appreciate the cherry blossoms while walking my dog along the local river, or just being grateful that some of our baby boomer parents in their 80s and 90s are still healthy and living independently. I will always keep the memories and friendships I made during my formative years at the end of the Showa Period close to my heart. I only regret that my nieces and nephews will likely never know the same sense of communal pride, excitement, and positive outlook for the future we once had. Despite the hardships of the past 40+ years, immigrating to Japan was the best decision I could have ever made.

@Peleski

26 күн бұрын

It's hard not to think Japan would bounce back when you see the glitz and glam of Tokyo and Osaka.

@StephenOzor-sl8eq

26 күн бұрын

Nice Reminiscing on the past 🙏.

@T25de

25 күн бұрын

Japan ❤

@redmustangredmustang

25 күн бұрын

when you got there, things were AWESOME. You put in the hard work then good things were going to come what you put in. You saw it personally especially when it came to companies like Toyota in cars, TV's, electronics, etc. They were exporting like CRAZY and in return workers got better increases and benefits. That's how it was for over a century with the Meji era from being a feudal system to a powerful military and industry with in 30 years. The same happened after WWII, the work you put in is what you get back. Japan really did think things would last forever until it didn't. As you said the corporations still doing the bubble-era practices with especially the hard work. You know in China it's called 996. 9am to 9pm 6 days a week. You see the Hikimori just give up and stay and their rooms while their Boomer parents enable that behavior. Why bust your ass to be overworked, underpaid, and no time for rest. No wonder people in Japan don't want kids on top of the rise of cost of living.

@Peleski

24 күн бұрын

@@redmustangredmustang Must have been amazing. My experience in Japan was people terribly overworked, young people being preyed upon by overly bossy elderly people, and talented young people made to move to desolate country towns to take care of their parents.

17:50 my boy threw us some AI music about the financial collapse of Japan. What a time to be alive.

@harmonizedigital.

28 күн бұрын

Haha. I thought that was a real song from the 80s or 90s.

@georgesos

28 күн бұрын

I was wondering how I haven't heard this song since I am of that age...😂

@gjd424

28 күн бұрын

@Belmont....right it’s kindof disrespectful lyrics tbh lol

@marvinivan3590

28 күн бұрын

I thought it was a real song but when I heard the lyrics I'm sure it's AI. AI getting better at this haha

@HullioGQ

28 күн бұрын

@@gjd424 Considering the copyright vultures I'd rather this music to add some creativity to the documentary.

Right now, Japan has a real estate bubble. Because the Yen is so cheap, and the politic supporting this, many foreigners buy up land, selling it for inflated prices or build houses for prices regular employees can't afford, just like Chinese buying up a lot of buildings in Harajuku and raising the rent so high that alot of shops have to close. Another side effect of that is the unnatural rise in food prices coming in waves. Some products are heaper, or more expensive depending on the day or time you walk into the supermarket. But of course, salary does not rise BUT it feels like every shop now caters for tourists and therefore asks for more. At least here in central Tokyo

Great overview, i'm really amazed by the wide variety of topics being covered on this channel in such an excellent manner

@Iris-ei1cm

17 күн бұрын

Well yeah, its basically just the 2000 BBC documentary 'Bubble Trouble in Japan', just in a different order. Not quite plagiarism, but not very impressive either...

I am leaving this comment here so that after some hours, days, weeks, months or years when someone likes or comment on it, I will be reminded to watch this video again

@Emerald_Forge

28 күн бұрын

Your watch later playlist is sobbing rn

@brianj7204

28 күн бұрын

Lil bro just watch the vid

@Salty_Legionnaire

28 күн бұрын

Remind me to like your comment next year.

@yensteel

28 күн бұрын

Fun fact, the watch later limit is 5000. It’s pretty easy to reach the limit when you can only remove items one by one.

@K-a-i.

28 күн бұрын

​@@brianj7204it's not playing 😢

I can't believe the quality of your content. It's truly the new format for this generation for sharing high value background information on topics that need more attention.

@WBG123098

23 күн бұрын

Not sure how this video is in any way some kind of 'new format' but ok

@Iris-ei1cm

17 күн бұрын

Well yeah, its basically just the 2000 BBC documentary 'Bubble Trouble in Japan', just in a different order. Not quite plagiarism, but not very impressive either...

I’ve enjoyed and learned so much from your work, Thanks!

I moved to Japan in 2000. After 11 years in the country, I finally gave up and moved to Norway with my Japanese wife and three children. I love Japan and would like to live there, but I'm so tired of being the "working poor." Nothing lasts forever, but now Norway gives me the opportunity to live the life I've always dreamed of. Excellent balance of workload and income. I feel very sorry for the Japanese people who are going through difficulties...

@TokyoTaisu

6 күн бұрын

Yeah I can understand

@atharvakpatil

5 күн бұрын

can I ask what work do you do?

"Remember Japan's 80s bubble?" I was there, chief. Dancing with Miracle Johnson and making a chicken my real estate manager. Jokes aside, I see a lot of similarities with what's been happening in the West. Real estate boom driven by artificially low interest rates, which has led to unsustainable debt financing. Excessive money printing. A lost generation who's never had any real economic stability, leading to high self-deletion rates, and young people forgoing starting families. An inflexible managerial class desperately trying to cling on to the status quo. Of course, there are many key differences as well. Still, it shows our complete inability to learn from our own mistakes, let alone the mistakes of others.

@michelvandepol1485

28 күн бұрын

exellent comment. I am Dutch we have the same situation

@A-se2ur

28 күн бұрын

and the same in Ireland

@jimknarr

28 күн бұрын

Adding to that the cost of buying a house for young people is now out of reach.

@thanos879

28 күн бұрын

The parallels are scary. Deep down, the people in power know it. That's probably why they let so many people in (not to get political). Trying to find a hack instead of fixing the root problems.

@_DavidHimself

28 күн бұрын

That subtle Yakuza Zero reference haha

Nothing fits better together than ColdFusion and financial documentary topics

@pravinhraj5631

27 күн бұрын

Totally agree!

@Caaine

24 күн бұрын

Yeah, I love this channel. One of my favourites for sure!

My fave intro to any of your vids! Great insightful vid as always!

Awesome video. Very thoughtfully made ❤

First class piece as always, man. That clip of the guy saying, "Please give our staff your support, I beg you" is heart-breaking.

It's a sad and nostalgic video though extremely well crafted. These video episodes of Japan's 80s and 90s reminded me of my youth. I'm 53 and I still have vivid memories of those vibrant days. Greetings of peace from Kazakhstan

@hamzamahmood9565

28 күн бұрын

Maan 80s and 90s were really the best decades

@ashimov1970

28 күн бұрын

@@hamzamahmood9565 in one way or another surely they were

@BlinkShadow

28 күн бұрын

​@@hamzamahmood9565Japan's golden age, until you realise they are having trade war and racial tensions were at an all-time high with the US. I guess thats how the media brainwashed a whole generation that grew up with 2D shit. 🤡🤡🤡

@NeostormXLMAX

28 күн бұрын

Its a horrendous video, completely white washes the american role in japans economical destruction, just look up the “plaza accord” and semiconductor dumping and sanctions on toshiba and other tech firms accused of selling to the soviets or china😅😅😅

@soulrayy709

27 күн бұрын

im from kazakhstan as well and with all of the personal debt that young people are burdened with these days i feel like we are in a pre 1990s japan

Gotta say that montage at 17:51 is so good and just simply what most KZreadrs lack, sometimes the audience needs to just see on their own without unending voice-overs. Bravo 👏👏👏 I know it doesn't lift the mountain but you earned 1+ subscription

@t.w.7731

14 күн бұрын

The song is awful.

GREAT video - wonderful job and very timely - thanks!

I'm only half through the video but I had to pause because I really need to say this: your videos are so beautifully made! The selection of clips and videos, the musical transitions, the script, it has such a unique fingerprint, it's not only a documentary piece but a piece of art. I'm a fan of yours for 4 years and counting!

@SuSmallville

27 күн бұрын

AUSSIE MADE! woo!

@Jay_dey

26 күн бұрын

Was just thinking this!

@Iris-ei1cm

17 күн бұрын

Well yeah, its basically just the 2000 BBC documentary 'Bubble Trouble in Japan', just in a different order. Not quite plagiarism, but not very impressive either...

All that retro footage in the background and the music gives this video a classic old school ColdFusion feel Awesome video as usual man

@VictorW8

28 күн бұрын

If that’s the case then you mean ColdFustion feel. Iykyk.

@callumhaynes1384

28 күн бұрын

@@VictorW8 I very almost wrote ColdFusTion 😀

Great video. Keep up the excellent work!

Great work Dagogo. Thanks for another great doco! :)

In my opinion, another blow to the Japanese economy was the release of the smartphones and specifically the Iphone. Japan was leader in technology for cellular phones, calculators, translators devices and music portable devices, and it was supported by the high internal consumption. Iphone made all the other devices useless, while becoming a staple between Japanese consumers, who purchased this device over the ones made by local brands. I’m living in Tokyo for almost 20 years, I experienced first person the big changes in the electronic market. I miss the old Japan.

@RKSxd

27 күн бұрын

I don’t live in Japan but from an outside perspective I have to agree. When I was a kid the televisions, calculators, photo cameras were all imported from Japan and now I don’t see that anymore or as strong as before. I remember powerful brands like Mitsubishi, Toshiba, TDK, Sony, Canon, Nikon, Fujifilm were really pervasive and widespread and through the decades had more and more competition from USA and China

@GK-up6xz

27 күн бұрын

It was long over before the iphone…

@springvice

27 күн бұрын

The moment I realized iphone was booming in japan around 8 years ago, I had strong feeling japan was going downhill. They had strong phone tech and instead of building their own, they imported smartphones, and the most expensive at that. Shooting themselves in the head I'd say.

@orcbum

27 күн бұрын

japanese tech companies don't really innovate, but that's pretty reflective of their society as a whole

@strawberries217

27 күн бұрын

Really? Americans didn't know tech in Japan went downhill was due to the competition agreement they were forced to sign by US?

I did my first big school assignment on this very topic. I remember being so fascinated by it that it was hard to stop. I’m from Europe, so didn’t know anything about it beforehand. So much to learn from this - really made me realise how much macroeconomics affect societies and individuals in general.

@antonnurwald5700

25 күн бұрын

Your last sentence. Exactly. We can't ignore these things.

Thank you very much for a well put together video!

I've missed your videos covering recent historical events!

If I ever get access to a Time Machine, I'm going back and spending my life in the 80's

@fullmetaltheorist

28 күн бұрын

That's literally my thought as well. For about a year now I've been obsessed with 80s Japan.

@mfanakithi2002

27 күн бұрын

What a time to be alive. Coke, Sushi 🍣 and parties 🎉 galore

@CRASS2047

27 күн бұрын

@@mfanakithi2002 a house was $45,000, a new car was under $10,000 and you couldn’t fit $100 worth of groceries in 2 carts

@mizu444mizu

27 күн бұрын

26.4.1986 💀

@gotakazawa408

27 күн бұрын

It's hard to understand what you mean by your comment, but as a Japanese person who lived through the 1980s as an ordinary office worker, I don't want to go back to that time when some people around me were in a frenzy. I lived my life without getting involved in the "bubble." I got married, bought a house, raised two children, and saved enough money for retirement. It's true that those who participated in the frenzy were greatly affected, but those of us living "normal lives" viewed them with a certain detachment.

This is what's happening in Australia. Australia's housing market is higher than Japan's 1989 residential land to GDP. We're in a precarious position where housing is unaffordable and inflated to a ridiculous amount. I'm not looking forward to what's to come.

@logical_evidence

25 күн бұрын

Yep

@AndrewManook

19 күн бұрын

Won't be as bad since it is a much smaller country with a way smaller economy.

@MrJustapersn

19 күн бұрын

@@AndrewManook to the world economy it won’t be as bad. In terms of the local economy it’ll be hellfire, it already is. A place with such huge habitable land mass and low population should have nowhere near this level of housing unaffordability

@ConstructionHoney

16 күн бұрын

Difference is immigration. Australia keeps bringing in ppl. Japan stopped producing kids so housing surplus is inevitable. Australia keeps bridging in ppl.

@charleswillcock3235

16 күн бұрын

Last time I looked at a map Australia was gigantic, what is stopping more houses being built? I live in the he UK

Nice work, thanks for making such nice informative content

An excellent documentary! Very well done ColdFusion!

New Cold Fusion = Good Monday morning for me.

You will find America in every messy and fishy things.

@wtalkie

14 күн бұрын

True. There was a failed coup in Congo last week and the US gov turns out to be involved. Americans were cought in the act.

@TM-il8rb

14 күн бұрын

and u arabs

@dfdf-rj8jr

12 күн бұрын

No, but you will find leftists who find a way to blame America everytime something goes wrong. The economic collapse was 95% the fault of the Japanese, just like how the Middle East being a sh*thole is 95% the fault of the Arabs. You're not helpless creatures, you have agency and you created your problems.

@johnblah1040

12 күн бұрын

@@TM-il8rbNah, you will find the Arabs in the booming things.

@jlight7346

11 күн бұрын

You'll find powerful people/organizations involved with every suspect event. The US happens to be the most powerful country in the world and that means it's got a finger in almost every pot. You could say the same thing about China or the EU if you lumped all of its member states together. The difference isn't the people, it's the power.

This makes so much more sense. I can’t believe I am just learning about this story.

As we asian saying when tou let US enter and allow having access to your government everything will start fall apart..

@annihilation777

18 күн бұрын

ZOG

@arvinjay336

18 күн бұрын

TRUTH, america ruined Japan in the 90s (Pat choate's book) now they are trying to do it to China which is failing as always.

@dfdf-rj8jr

12 күн бұрын

The "Western puppets" in Asia are Japan, South Korea, Thailand, Philippines, and independent countries are India, Myanmar, Pakistan, China. Where would you rather live?

@arvinjay336

11 күн бұрын

@@dfdf-rj8jr hilariously FAILippines right now is uncle sam's pawn again escalating tensions in China BUT certain government officials still do businesses with the Chinese, hate China for the poor as some say.

@rodericksasu6976

11 күн бұрын

Naaah

Masterful script, editing and music, well done mate!

I want to comment two things: One, your work-rate is insane, and the amount of content you pump out with top quality is amazing. Two, constantly raising your video quality is super impressive. Kudos!

@joeljs9778

27 күн бұрын

As a matter of fact, that is a little suspicious, I wonder how much aspects of this video are AI generated

@blablah9938

26 күн бұрын

This dizzying publishing rate is impossible for one person only, so there must be a team of researchers, writers and editors. I always find it sus when big channel has only one person associated with it that doesnt talk about the team work. We might find out this channels functions like Illuminaughty for all what we know. edit: typos

@il_moe

26 күн бұрын

AI is footing most of the work.

@Iris-ei1cm

17 күн бұрын

Well yeah, its basically just the 2000 BBC documentary 'Bubble Trouble in Japan', just in a different order. Not quite plagiarism, but not very impressive either...

This is just excellently well done! 😊

That intro synthwave track was bangin’!

I went to economics school and my teacher is supposedly one of the most important "experts" in Japanese economy in Brazil. This video was much better than his whole semester

@gamingkillbills

26 күн бұрын

or maybe you're a visual learner just like me. dont blame everything to our teachers...

@aliali-ce3yf

26 күн бұрын

maybe you weren't a good student?

@jaif7327

26 күн бұрын

you could be the smartest individual on earth but not be cut out for teaching, knowledge does not equal capability to teach. einstein was an idiot for bringing this up

@dunar1005

25 күн бұрын

@@aliali-ce3yfmaybe you have no clue how humans learn

@megakidicarus4647

23 күн бұрын

You as well, huh?

The quality of videos are always spectacular on this channel, but you've really outdone yourself with the production on this. Fascinating, informative, and brilliantly made.

This has been among your finest work. Bravo!

Great video. Comprehensively covers the issues that lead to Japan's epic rise then fall.

Thank you so much Dagogo and the cold fusion team for making such a wonderful video. The pace and amount of information is spot on. I’ve always enjoyed your coverage and will recommend others to watch as well. Please continue to stay true to your believes and make great videos like this. 🙏🏻👍🏻👍🏻👍🏻

Like always, it is a fantastic documentary with brilliant and thoughtful insights. And pleasant visuals and great montage. It just wants you to crave more and rewatch it

Coldfusion content never disappoints

Amazing video! Very informative

Really enjoy the way you balance the ins & outs / pros & cons in your videos, mostly unbiased. Great choice of topics, as always 👍

In *Blade Runner*, there's a memorable line delivered by Dr. Eldon Tyrell that goes: "The light that burns twice as bright burns half as long - and you have burned so very, very brightly, Roy." This line is said to Roy Batty, highlighting the fleeting but intense existence of the replicants.

@sombra2

27 күн бұрын

this is a very appropriate comment, and very true. Also, I have highlighted it because clearly Ridley Scott got inspired on Japan to create the landscapes of Blade Runner. Also, it was Blade Runner what got me infatuated with Japan when I was a kid, so there's that.

@MrMackanno

27 күн бұрын

Any Blade Runner related comment always gets a big 👍 from me.

@OldManTheseDays

27 күн бұрын

Nerd. Just kidding, that’s my favorite movie (writing this as a BR poster is on the wall in front of me). That’s a powerful line, comes to mind a lot.

@mylesgray3470

27 күн бұрын

Very applicable to Japan in the 80/90’s and I believe also modern day China.

@proallnighter

27 күн бұрын

What a poetic line. I’m stealing this.

amazing documentary , learned alot and now obsessed with Japan of the 80's

Very interesting video, thanks for preparing and sharing with us.

Just realized something about Cold Fusion, he does not promote, he has no short adverts. Thats impressive to say the least and the way to go for all creators. Also Cold Fusion does not import other creators vids, which so many on here do. All this leads to a straight forward production and that looks, feels and sounds more professional than any News Outlet out there to day, as even they (News Agencies) use other agencies footage and do not create their own. Amazing work as per normal and very informative video. We all had heard about the Japanese Bubble and Decline but I for one did not know how or why it was happening. Guess that if a youngster to day can not see a better future, such as a job and having their own home, why should they start a family at all and give the Japanese government more of their tax. Single = less tax to give away.

@Iris-ei1cm

17 күн бұрын

I wouldn't say he does not import other creators vids. Most of the footage and script from this video is straight from the 2000 BBC documentary 'Bubble Trouble in Japan' lol Just told in a different order

@raystewart3648

16 күн бұрын

@@Iris-ei1cm I googled BCC but came up with nothing. What is BCC?

@Iris-ei1cm

16 күн бұрын

@@raystewart3648 Oh sorry I meant BBC

@Automedon2

5 күн бұрын

It's all "borrowed" video. He wasn't there collecting footage.

The way you changed the mood in the video was noticeable and impressive. That is, you were playing 80's style music, and suddenly everything became subdued by switching to your more "ethereal" soundtracks. Nice work.

nice video, lovely editing job.

The exact same situation of hopelessness is happening in this very moment! Millions of students who were supposed and on path to becoming software engineers have suddenly lost it all as companies have withdrawn hiring. I too have a fair share of this until I recently got employed as software engineer but I am really scared as I know the ground reality that future is super uncertain and I could be on the streets the very next moment. Millions of students have been lied and their dreams have been shattered. We were told since our childhood to get high grades and we did absolutely that and now that we graduated this year/last year, no company is willing to hire.

@SchoolforHackers

28 күн бұрын

Where are you?

@amanrubey

27 күн бұрын

@@SchoolforHackers India

@pumelelabanca1442

26 күн бұрын

I thought MS and Google were sending their Jobs to india? What happened?

The opening literally gives me 90s chill.

@dariuspalmer2829

28 күн бұрын

But it was the 80s

@Window4503

28 күн бұрын

@@dariuspalmer2829The 90s were the afterglow of the 80s and weren’t really the 90s until the early 00s up until 9/11.

@movement2contact

28 күн бұрын

​@@Window4503 Nah, they happened when they did 🥸

@sirtra

27 күн бұрын

@@dariuspalmer2829 Title: "Japans lost decade" Description: "Japan in the 1990's suffered one of the greatest financial blowouts in history"

This video is so well done! Thank you. I’m still fascinated by Japan’s economic rise, long time plateau and now it’s slow dip. Thank you for shedding light of this. Japan - I wish you the best, the world is still watching you.

Thank you for this great video that covered such an interesting topic in such a comprehensive and easy to understand manner. 👍

When the 80s Japanese cyber music came on, I knew this documentary will be lit.

@liberty0758

27 күн бұрын

The official music genre is synthwave.

I love your videos man, it's like watching the most amazing thesis on financial topics.

Such a well done documentary. Thank you!

Awesome video! Many thanks !

This topic and video are very well put together. I must also commend the song Opia at the end. I found it on your bandcamp profile and have been listening to it nonstop. I hope a longer version comes out in the future. Thank you.

When I was a child, I saw the neon lit japanese city footage playing on TV. I immediately fell in love with it, even though I was just 5. It feels like a dream, which it is... it's a fleeting dream, but it was beautiful.

Gotta love the city pop intro. Just been rediscovering this genre.

Love the narrators voice thanks for the vid, everything japan is very interesting and entertaining.

I love ColdFusion! Simply excellently made. Thanks mate

What I like about watching videos like this is I learn a lot in a short span of time. Kudos to the channel's owner.

Love the video and everything you covered, would have liked to see more of the other more recent factors that have contributed to the decline of the Yen, like their implementation of yield curve control

I remember watching your videos when you only had a few subscribers wondering why this guy was not famous yet, We have come a long way, but I still believe you are underrated though, still a long way to go.

As being a Japanese who have lived through the eras in this video, I feel very bitter sweet about many things after watching this video. I left the country and have been living in Europe, I often wondered why the country still can be listed in the global top groups of anything… Japan is a very unique country and there are (still) many potentials to grow again though the aging country won’t be able to reverse its course. Very well made documentary, a top notch, indeed.👍🏼❤

@redmustangredmustang

25 күн бұрын

That's the worst part is that the country is going through the motions and still has been stuck over the last 35 years. Hell, hte Nikkei JUST got back to 1989 high levels, but the country is in a recession. The worst part is that for the younger generation why even try. Being overworked, underpaid, and not being appreciated. Even worse is the cost of living so no wonder there so much hikikomori. Why even try. Everyone has known about the birth rate for years. Sadly Japan doesn't have the luxury of say the US having an immigrant population replace the declining birth rates. Japan is going to be really on it's own in 30 years unless they can figure a way to have robots take care of the elderly. The same thing is happening in China and South Korea. There is no immigrant population to replace the declining birth rates.

ColdFusion is a gem on this platform. Incredible documentary had my rapt attention the whole 27 minutes. Keep up the great work bro 👍

Great production quality wow!!

I'm glad this documentary was made, it's a subject matter I am very interested about. This and the bubble period (economic miracle). However I am seriously struggling to find non-fiction literature on the subject. If my fellow viewers have any good reading list recommendations, I would greatly appreciate it.

Meiji Restoration - WW2 - Nuclear Attack - Japanese economic miracle - Manufacturing powerhouse - Bubble Burst - The lost decades Me waiting for their comeback 🗿🗿

@keyser021

28 күн бұрын

Did you miss the part about the U.S. implementing the Plaza Accord in order to knee cap Japan and to have put them in the exact position they are in now...economic collapse and in need of a foreign savior to protect them in exchange for becoming cannon fodder. Japan is occupied by over 75 military bases housing over 50,000 foreign troops who tell the Japanese when to jump and how high. Those young Japanese men will need to put down the maid anime and pick up guns in order to take the brunt of N.K. and Chinese missile barrages aimed at the foreign military bases that Japanese have allowed to bloom along the island chain. You should take some time and look up as many audio clips as you can find of U.S. officials discussing their plans for Japan. They are viewed as simple foreigners easily controlled through finance and greed and willing to sell off their people's land and heritage in exchange for happy words of praise from their captors. From Ghost Of Tsushima to simping for Rahm Emmanuel. Eternal pawns.

@nicholasgutierrez9940

28 күн бұрын

Makes sense though. Japan speedran modernization so they relied on foreign knowledge. So they are the first to hit the new wall: declining birthrates and the consequence of mass urbanization. That’s why there are 4 types of economies. Developed, undeveloped, Japan, and Argentina. They need to struggle through this and others will learn from them. Perfectly balanced, as all things should be.

@tezcanaslan2877

28 күн бұрын

@@nicholasgutierrez9940what is argentina?

@gutsjoestar7450

28 күн бұрын

Japan needs to have a comeback. Even Germany surpassed Japan un gdp

@nagapavanmuramsetti1453

28 күн бұрын

@@gutsjoestar7450 Some how they have to give hope to youth and increase birth rate

Japan's birth rate is not significantly different from that of OECD countries. There are some countries that are lower than Japan. Yet, it is strange that when it comes to analysis of Japan, it is common to treat it as if it were the only country in the world with a declining birthrate.

@stekon9112

15 күн бұрын

Yes but Japan starte this trend in the 80s, OECD in 2000s

@Automedon2

5 күн бұрын

No, it's a story about Japan, so they won't be talking about Italy.

Great documentary thanks!

Great program. Thank you.

I am commenting as a Japanese person who lived during these times. It is completely understandable that this video was created based on several facts. However, there is a significant difference between the macro economy, prominent stereotyped social phenomena, and reality. At least for me and the people around me, "no one" was directly affected by the "bubble." It is true that the "bursting of the bubble" brought about problems for the macro economy and certain societies, but my friends and I have received regular salary increases, started families, and now that our children are adults, we have retired with adequate assets. The lesson I learned during the "bubble era" was "don't get caught up in unnecessary trends." It's about thinking about what "true happiness" is and acting on it, not about creating huge amounts of wealth beyond my financial needs.

@rollin92

27 күн бұрын

It seems like the biggest problem was for the value of people's assets, like real estate and stocks. People with asset wealth lost a lot of wealth. But regular people just working and saving cash, didn't really lose anything. Life in Japan seems pretty good to me as a foreigner.

@gotakazawa408

27 күн бұрын

@@rollin92 That's right. The value of real estate assets and those who had made large-scale investments with leverage suffered great damage, but overall, the number of people involved was limited. As you say, it didn't have a big impact on people who worked normal jobs, earned, and saved money, didn't really lose anything. Even during the era known as the "lost 20 or 30 years," Japan was able to continue to grow, albeit slightly, without falling into default.

@trungson6604

27 күн бұрын

Good point. The amazing thing that this video didn't mention was that the US opened up China as the manufacturing center of the world to replace Japan, and China has 10 times the population of Japan, yet Japan is still standing as the third largest economy of the world, holding its own against competitor 10 times larger.

@gotakazawa408

27 күн бұрын

@@trungson6604 Thanks for your comment. As you know, Japan has almost no natural resources, and more than 70% of the country is mountainous. Given these conditions, we, as Japanese people, are surprised and proud that the economy has reached its current size. Of course, like any other country, we face future challenges, but we want to continue to protect "Japan's unique culture and safety".

@DearSX

26 күн бұрын

Makes sense. A lot of places in Japan even had lower property prices, making it easier I imagine for common folk

Now the globe will get to experience this together as a family 😅

@oscarparedes4033

27 күн бұрын

Nani?!

@The93Vector

27 күн бұрын

Seriously, describing “the beginning of the end” as interest rates being super low and property values skyrocketing, foreign investments growing … could describe the US over the last 4 years.

@turtlesoup8134

26 күн бұрын

The west + the empire vassals does not equal to the world. Many economies are still growing and doing fine.

@kimtoannhan7275

17 күн бұрын

​@@turtlesoup8134 not in asia. At least in China, Vietnam, Korea and Thailand. We are suffering like hell here. All of my friends are complaining.

You just helped me with the ticket machine. Arigatou!

Keep doing what you doing Dagogo! 👍

The quality of your content is amazing. Thanks

Superb work, Dagogo. Production, narration, information…all on point. It really made me emotional seeing how lovely Japan went through these difficult times.

the first one minute of the video. i do not think there is anything else on the entire internet that describes the 80s japan so perfectly. Its so good that will make you want to live that life.

Thanks for covering this, I really think you should cover Canada's failing economy next. Its a total nightmare here.

Why is it that every time there is a financial crisis, one of the biggest common denominators is always unsustainable levels of debt? Like seriously, it happens _every freaking time_ . How can it be so very hard for people to just not borrow more than they can afford? 😑

@davidross5525

26 күн бұрын

You shouldn't be blaming the people who are borrowing but the banks/government that sets the rates

@TheReferrer72

25 күн бұрын

Because most of our wealth in capitalist society depends on people taking RISK, taking on debt is a part of that risk equation.

@Caaine

24 күн бұрын

When you're younger it's harder to not spend. You want what other people have, not realising they're in a lot of debt to get it themselves. As I got older (over 40) it's become easier not to spend for some reason.

@pierzing.glint1sh76

21 күн бұрын

There a lots of types of debt. I suggest you do a bit of reading on it. Mortgage and owning homes and investing all involve borrowing money with the hope of making that money later. Everyone who isn't earning hundreds of thousands a year needs to borrow, it isn't the people's fault it's the bank who enable it 😅 It isn't as simple as " only borrow what you can afford " 😂

@annihilation777

18 күн бұрын

Did you watch the video? The US (Israelis) caused them to sabotage their own economy