Japan's Economic Transformation

Japan's bubble peaked in 1991.
Land prices fell for 27 years.
Banks fueled excessive property speculation.
Government delayed necessary financial reforms.
Financial crisis followed the bubble's burst.
Elderly population doubled to 30%.
Healthcare systems proved remarkably resilient.
New jobs emerged in care sector.
Women joined workforce in record numbers.
Wage growth finally reached 5%.
Property prices stabilized in major cities.
Rural areas continued economic decline.
Bank reforms came too late.
Infrastructure spending supported economic stability.
Social security prevented severe inequality.
Pension systems maintained social stability.
Economic growth slowed but remained stable.
Population decline challenged economic recovery.
Innovation helped offset demographic challenges.
International cooperation supported gradual recovery.