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

Ай бұрын

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

@damunzy

Ай бұрын

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

@yudhiadhyatmikosiswono9082

Ай 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

Ай бұрын

​@Pau_Pau9 good post. Accurate.

@mrgrumpy888

Ай 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

Ай 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

Ай 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

Ай 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

Ай 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

Ай бұрын

The economy is comprised of.... people

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

Ай 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

Ай 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

Ай 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

Ай бұрын

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

@JB52520

Ай 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.

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

Ай 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

26 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.

@Arkiasis

3 күн бұрын

@@Seanthefox It's much worse in Canada. The US is a land of utopic opportunity compared to Canada.

@michaelquinones-lx6ks

2 күн бұрын

@@Arkiasis You'll be better off If the U.S.A..Annexed Canada you wont regret it.

@Sathornetfire

Күн бұрын

I keep telling people you want a rough description of the future see Japan they are 20 year ahead and behind at the same time

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

Ай 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

Ай бұрын

Yes, the channel Asianometry has a good video on this

@gregh7457

Ай 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

27 күн бұрын

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

@genbond7459

20 күн бұрын

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

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

@udittlamba

Ай бұрын

v a p o r w a v e

@Prockski

Ай бұрын

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

@ihaveanova

Ай 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

Ай бұрын

@@udittlambafuture funk 🪩

@The777brown

Ай бұрын

Trappin in japan 3 😁

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

@quinnard9750

Ай бұрын

oof

@vali69

Ай 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

Ай бұрын

It’s been the year 2000 in Japan since 1980

@tkl3_01

Ай бұрын

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

@MaxPuliero

Ай бұрын

Retro hi-tech, the best.

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

@soumyashreebiswal14

5 күн бұрын

Exactly my feelings. I dig those 80s aesthetics! Still can't find the song from 17:48

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

Ай бұрын

My thoughts are the same. Such a vibe.

@nubuju631

23 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

Ай бұрын

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

@rickmossop3733

Ай бұрын

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

@MarkShinnick

Ай бұрын

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

@ziggs123

Ай 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

Ай бұрын

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

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

@Jordan-Ramses

Ай 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

Ай бұрын

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

@manoj1350

Ай 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

@Jordan-Ramses

Ай бұрын

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

@twenty-fifth420

Ай 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.

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

@Iris-ei1cm

Ай 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

Ай бұрын

And with a cute AI song ❤

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

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

@pin65371

Ай бұрын

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

@lAITDlusshunk

Ай 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

Ай бұрын

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

@torregoshi6055

Ай бұрын

Fucking love the Haiku

@zedarzy3547

Ай 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 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

Ай бұрын

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

@StephenOzor-sl8eq

Ай бұрын

Nice Reminiscing on the past 🙏.

@T25de

Ай бұрын

Japan ❤

@redmustangredmustang

Ай 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

Ай 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.

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

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

@annihilation777

Ай бұрын

ZOG

@arvinjay336

Ай 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

27 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

27 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

26 күн бұрын

Naaah

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

@harmonizedigital.

Ай бұрын

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

@georgesos

Ай бұрын

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

@gjd424

Ай бұрын

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

@marvinivan3590

Ай 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

Ай бұрын

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

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

@TheControlBlue

Ай бұрын

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

@dharkbizkit

Ай 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

Ай бұрын

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

@mac1bc

Ай 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

Ай бұрын

And paying pension for them too.

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

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

"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

Ай бұрын

exellent comment. I am Dutch we have the same situation

@A-se2ur

Ай бұрын

and the same in Ireland

@jimknarr

Ай бұрын

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

@thanos879

Ай 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

Ай бұрын

That subtle Yakuza Zero reference haha

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

Every 2 minutes in the video "They didn't forsee " And despite the final warning in the video, there's no way this will never happen again. Human greed is too strong. And when you think about it, people in the government are there for 5 years max. They won't be around for the knock-on effect 10 years down the road. Great video!

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

Ай бұрын

Maan 80s and 90s were really the best decades

@ashimov1970

Ай бұрын

@@hamzamahmood9565 in one way or another surely they were

@BlinkShadow

Ай 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

Ай 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

Ай 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

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

Ай бұрын

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

@Iris-ei1cm

Ай 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...

Great video. Keep up the excellent work!

GREAT video - wonderful job and very timely - thanks!

Nothing fits better together than ColdFusion and financial documentary topics

@pravinhraj5631

Ай бұрын

Totally agree!

@Caaine

Ай бұрын

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

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

I've missed your videos covering recent historical events!

Nice work, thanks for making such nice informative content

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

Ай бұрын

AUSSIE MADE! woo!

@Jay_dey

Ай бұрын

Was just thinking this!

@Iris-ei1cm

Ай 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...

You will find America in every messy and fishy things.

@wtalkie

29 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

29 күн бұрын

and u arabs

@dfdf-rj8jr

27 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

27 күн бұрын

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

@jlight7346

27 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.

An excellent documentary! Very well done ColdFusion!

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

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

Ай 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

Ай бұрын

It was long over before the iphone…

@springvice

Ай 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

Ай бұрын

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

@strawberries217

Ай 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

Ай бұрын

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

This is just excellently well done! 😊

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

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

Ай бұрын

Yep

@AndrewManook

Ай бұрын

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

@MrJustapersn

Ай 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

Ай бұрын

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

@charleswillcock3235

Ай бұрын

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

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

Ай бұрын

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

@callumhaynes1384

Ай бұрын

@@VictorW8 I very almost wrote ColdFusTion 😀

Amazing video! Very informative

This has been among your finest work. Bravo!

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

Ай 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

Ай 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

Ай бұрын

@@shortking-vp9vv Lol, no.

@afrikaandbeyond4271

Ай бұрын

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

@tommyh.2570

Ай бұрын

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

Masterful script, editing and music, well done mate!

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.

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

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

@fullmetaltheorist

Ай бұрын

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

@mfanakithi2002

Ай бұрын

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

@CRASS2047

Ай 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

Ай бұрын

26.4.1986 💀

@gotakazawa408

Ай 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.

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

Awesome video! Many thanks !

You just helped me with the ticket machine. Arigatou!

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. 🙏🏻👍🏻👍🏻👍🏻

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

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

Great production quality wow!!

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.

New Cold Fusion = Good Monday morning for me.

nice video, lovely editing job.

Hooked me in with that wonderful synthwave at the beginning, earned my subscription with the interesting and informative video.

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.

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

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

I love ColdFusion! Simply excellently made. Thanks mate

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.

Love the intro synthwave. ♥

Great documentary thanks!

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.

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

@Iris-ei1cm

Ай 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...

Such a well done documentary. Thank you!

I am a Japanese who moved to the US few years ago. I've been financially secured but always thinking about moving back. Not necessarily about family or nostalgia but the food and the great culture. There are things like GDP cannot never measure.

@backpain100

29 күн бұрын

As some people say, "there's no place like home". I'm a Viet who came to the US when I was 14 and study, never left. I will likely never go back to vietnam though. America is my permanent home.

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

Ай бұрын

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

@Automedon2

20 күн бұрын

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

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

Ай бұрын

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

@blablah9938

Ай 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

Ай бұрын

AI is footing most of the work.

@Iris-ei1cm

Ай 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...

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

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

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

Ай бұрын

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

@aliali-ce3yf

Ай бұрын

maybe you weren't a good student?

@jaif7327

Ай 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

Ай бұрын

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

@megakidicarus4647

Ай бұрын

You as well, huh?

The quality of your content is amazing. Thanks

Cheers guys. Have a good one.

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.

That’s a great intro, well done for finding some retro equipment to do that😊

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.

I am glad you used the famous Ethiopian runner Abebe Bikila 's footage when You mention About Tokyo's Olympic 😊

I find this so interesting as I was studying business & economics I. The mid-80’s & remember well the economic miracle of Japan and the peak and the bottom (buying opportunity) of the market in Japan. I have just returned and very impressed by the culture & cleanliness and to me a huge warning to North America & Europe and our skyrocketing debt, government & personal.

As always, fantastic video documentary from Cold Fusion.

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

Ай 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

Ай 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

Ай 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

Ай 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

Ай бұрын

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

I know its outside the main focus of this video, but I appreciate how the explanation of just how important and large Japan's economy was through the 80s and 90s really gives insight into its central position of cyberpunk culture.

I lived in Japan for the first time from 1983 to 1993 and am amazed by the romanticization of that period. The level of arrogance amongst the Japanese went through the roof as their economy grew and I'm more than pleased that they got humbled.

@sonjak8265

Күн бұрын

Western financiers destroyed their economy and are now destroying Western economies to impoverish us and introduce central bank digital currency.

Another great video in the books mate! Loved the lil song montage at the end of the 2nd act.

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

Ай 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

Ай бұрын

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

@OldManTheseDays

Ай 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

Ай бұрын

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

@proallnighter

Ай бұрын

What a poetic line. I’m stealing this.

Great program. Thank you.

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.

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

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

Ай бұрын

Your watch later playlist is sobbing rn

@brianj7204

Ай бұрын

Lil bro just watch the vid

@Salty_Legionnaire

Ай бұрын

Remind me to like your comment next year.

@yensteel

Ай 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.

Ай бұрын

​@@brianj7204it's not playing 😢

Thank you for this.

Excellent edit

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

In my understanding, the vibe was very similar to the peak of old edo. The keizai boom and it's artifacts are sooooooo fascinating. Haikyou is abondoned buildings are soooo cooooool. What's even more fascinating is how that keizai-boom, 'floating world' psychology figures into the japanese psychology today. Even without exploring abandoned buildings you can see how much unused infrastructure there. A lot of what is now the 'inaka' country said was actually popping off back in the boom days. They move about their lives constantly seeing the constant ghosts of previous prosperity. and so on and so forth.

Thank you for doing this topic about Japanese economy.

Great presentation

Thank you for the history lesson we never hear a deep dive about!