Heisei Saw “Titanic” Economic Bubble Followed by ‘The Lost Two Decades’

Pronunciation Meaning and Origin of 平成 (Heisei) The name of ‘平成‘ (Heisei) reflects the wish for world peace. It was coined in reference to two Chinese phrases ‘内平外成’ meaning ‘peace inside and prosperity outside’ and ‘地平天成’ meaning ‘the peaceful and prosperous world’. The former appears in ‘書経’ (‘Shujing’,‘The Book of Documents’), and the latter in 史記 (‘Shiji’, ‘The Records of the Grand Historian’), both of which are ancient Chinese literature. The Zeitgeist of Heisei Era Bubble Economy The Heisei era got off to an auspicious start, with Japan’s over-inflated economy reaching its pinnacle. At the time, the top 5 companies by market capitalization in the world were all Japanese, and … Continue reading Heisei Saw “Titanic” Economic Bubble Followed by ‘The Lost Two Decades’Read More