Japan's Lost Decade - An Economic Disaster [Documentary]
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- Опубликовано: 12 май 2024
- Japan in the 1990's suffered one of the greatest financial blowouts in history. In this episode we take a look at the formation and bursting of the great Japanese bubble and the ripple effects that can still be seen today.
Sources and Show Notes: docs.google.com/document/d/17...
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Producer: Dagogo Altraide, Tawsif Akkas
Writers: Meehan Kathan, Dagogo Altraide
Editors: Brayden Laffrey, Dagogo Altraide 
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I love how as soon as you start talking about the golf clubs, your voice starts trembling like you can barely contain your laughter
Seriously, at the level of GDP of Taiwan at the time!
Pure hubris.
@@Pau_Pau9it just shows you that money is made up and doesn't really mean anything.
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.
@Pau_Pau9 good post. Accurate.
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.
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
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.
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).
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 ❤❤❤
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.
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.
@@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.
@@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.
@@poetryflynn3712I don’t suspect you will get a response from her 🤷🏻♂️😁
@@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.
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.
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.
Economics is just Time and Delayed Consumption.
Debt is Sin.
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
Not even grandparents, it’s the baby boomer parents too
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
And paying pension for them too.
You just unlocked a new obsession for me. Vintage 1980s videos of Japan.
v a p o r w a v e
There are some great vids on RUclips. I often play them in the background of my house parties.
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.
@@udittlambafuture funk 🪩
Trappin in japan 3 😁
Japan is living 20 years in the future, 40 years ago.
oof
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.
It’s been the year 2000 in Japan since 1980
They were futuristic - in the 1980s....Now, they are truly retro and backwards compared to other Asian nations.
Retro hi-tech, the best.
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
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.
Yes, the channel Asianometry has a good video on this
this came about because japan was dumping chips below cost and putting up barriers to american chip mfg's importing into japan.
@@gregh7457 Yeah but you can't say that on RUclips, they gotta blame America for everything.
@@noname-dk7ri... They went to Malaysia, Singapore, Thailand too.
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.
Your last sentence. Exactly. We can't ignore these things.
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.
I would sadly argue Japanese automaker responsiveness to electrification is a material example of what you describe.
@@enwi3nd I thought Japan was one of the slower countries to try to force EVs. Which is very likely a wise move.
Yes, half of Americans are in a truly bizarre state of denial of what's fast arriving upon the USA.
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
Here is a Japanese woman who turns 40 today. I agree wholeheartedly.
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.
It's hard not to think Japan would bounce back when you see the glitz and glam of Tokyo and Osaka.
Nice Reminiscing on the past 🙏.
Japan ❤
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.
@@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.
The production quality of this video is just through the roof, amazing. Good job, Dagogo and Team ColdFusion!
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...
And with a cute AI song ❤
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
17:50 my boy threw us some AI music about the financial collapse of Japan. What a time to be alive.
Haha. I thought that was a real song from the 80s or 90s.
I was wondering how I haven't heard this song since I am of that age...😂
@Belmont....right it’s kindof disrespectful lyrics tbh lol
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
@@gjd424 Considering the copyright vultures I'd rather this music to add some creativity to the documentary.
not lost decade. lost decades.
like 40 years. Still down.
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.
@@Arigator2 yeah their economy stagnated but their population is also declining. Which means their living standard is not falling at the very least.
@@dragonbane44 but it is going down and their mental health issues is highest in normal economy west is banna republic but asia isn't
@@manoj1350 lol, Japan is fine. If you want to see a real economic disaster look at China.
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.
Well done. Simply well done. You managed to explain all that in under 30 minutes in a way that was easy to follow. Subscribed!
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.
Yep
Won't be as bad since it is a much smaller country with a way smaller economy.
@@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
Difference is immigration. Australia keeps bringing in ppl. Japan stopped producing kids so housing surplus is inevitable. Australia keeps bridging in ppl.
Last time I looked at a map Australia was gigantic, what is stopping more houses being built? I live in the he UK
When money gets cheap , people get crazy with debt, this statement is deep.....
I'm watching this and seeing the same thing playing out in Canada.
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.
@@lAITDlusshunk it's human nature that is why we should teach responsible use of money....
Fucking love the Haiku
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
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! 😂
My thoughts are the same. Such a vibe.
Everytime a documentary starts with that, i know it’s gonna be good 😂
Great overview, i'm really amazed by the wide variety of topics being covered on this channel in such an excellent manner
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...
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
Maan 80s and 90s were really the best decades
@@hamzamahmood9565 in one way or another surely they were
@@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. 🤡🤡🤡
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😅😅😅
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
"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.
exellent comment. I am Dutch we have the same situation
and the same in Ireland
Adding to that the cost of buying a house for young people is now out of reach.
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.
That subtle Yakuza Zero reference haha
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
My fave intro to any of your vids! Great insightful vid as always!
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
Your watch later playlist is sobbing rn
Lil bro just watch the vid
Remind me to like your comment next year.
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.
@@brianj7204it's not playing 😢
Nothing fits better together than ColdFusion and financial documentary topics
Totally agree!
Yeah, I love this channel. One of my favourites for sure!
Awesome video. Very thoughtfully made ❤
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.
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.
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”
@@shortking-vp9vv Lol, no.
America uses economy as a weapon .. like pirates in the Caribbean sea.
Thank you! Absolutely correct, they started the trade war and destroyed Japans economy.
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.
Not sure how this video is in any way some kind of 'new format' but ok
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'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!
AUSSIE MADE! woo!
Was just thinking this!
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!
Gotta say that montage at 17:51 is so good and just simply what most RUclipsrs 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
The song is awful.
First class piece as always, man. That clip of the guy saying, "Please give our staff your support, I beg you" is heart-breaking.
All that retro footage in the background and the music gives this video a classic old school ColdFusion feel
Awesome video as usual man
If that’s the case then you mean ColdFustion feel. Iykyk.
@@VictorW8 I very almost wrote ColdFusTion 😀
This was such a well made video! Loved the 80s synth music
Great video. Keep up the excellent work!
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.
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
It was long over before the iphone…
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.
japanese tech companies don't really innovate, but that's pretty reflective of their society as a whole
Really? Americans didn't know tech in Japan went downhill was due to the competition agreement they were forced to sign by US?
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
Great work Dagogo. Thanks for another great doco! :)
Thank you very much for a well put together video!
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. 🙏🏻👍🏻👍🏻👍🏻
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.
GREAT video - wonderful job and very timely - 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...
Yeah I can understand
can I ask what work do you do?
@@atharvakpatil Currently working as tax consultant.
Really enjoy the way you balance the ins & outs / pros & cons in your videos, mostly unbiased. Great choice of topics, as always 👍
You will find America in every messy and fishy things.
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.
and u arabs
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.
@@TM-il8rbNah, you will find the Arabs in the booming things.
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.
Nice work, thanks for making such nice informative content
I've missed your videos covering recent historical events!
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.
This is just excellently well done! 😊
An excellent documentary! Very well done ColdFusion!
I love ColdFusion! Simply excellently made. Thanks mate
Masterful script, editing and music, well done mate!
This makes so much more sense. I can’t believe I am just learning about this story.
Very interesting video, thanks for preparing and sharing with us.
If I ever get access to a Time Machine, I'm going back and spending my life in the 80's
That's literally my thought as well. For about a year now I've been obsessed with 80s Japan.
What a time to be alive. Coke, Sushi 🍣 and parties 🎉 galore
@@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
26.4.1986 💀
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.
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.
That intro synthwave track was bangin’!
This has been among your finest work. Bravo!
ColdFusion is a gem on this platform. Incredible documentary had my rapt attention the whole 27 minutes. Keep up the great work bro 👍
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.
Amazing video! Very informative
Great video. Comprehensively covers the issues that lead to Japan's epic rise then fall.
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!
As a matter of fact, that is a little suspicious, I wonder how much aspects of this video are AI generated
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
AI is footing most of the work.
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...
The quality of your content is amazing. Thanks
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.
amazing documentary , learned alot and now obsessed with Japan of the 80's
That’s a great intro, well done for finding some retro equipment to do that😊
As always, fantastic video documentary from Cold Fusion.
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.
Another great video in the books mate! Loved the lil song montage at the end of the 2nd act.
Superb work, Dagogo. Production, narration, information…all on point. It really made me emotional seeing how lovely Japan went through these difficult times.
Awesome video! Many thanks !
Thank you for this great video that covered such an interesting topic in such a comprehensive and easy to understand manner. 👍
New Cold Fusion = Good Monday morning for me.
Unbelievably good documentary!!! Love your videos for years and years now 💜💜💜
Coldfusion content never disappoints
Love the narrators voice thanks for the vid, everything japan is very interesting and entertaining.
Thank you for the history lesson we never hear a deep dive about!
Funkiest video Cold Fusion has ever dropped. Love the music in this video!
Great production quality wow!!
Gotta love the city pop intro. Just been rediscovering this genre.
Thanx for another great "economy explained" video. I've learned and understood things from it for example how and why Ford and Mazda are connected. As always, Thanx 👍
Another amazing ColdFusion video, and I hit the like button before you start talking. :D
You just helped me with the ticket machine. Arigatou!
I am glad you used the famous Ethiopian runner Abebe Bikila 's footage when You mention About Tokyo's Olympic 😊
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 like how you talk about the economy, but also about the impacts on society - its a good mix.
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
Keep doing what you doing Dagogo! 👍
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
or maybe you're a visual learner just like me. dont blame everything to our teachers...
maybe you weren't a good student?
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
@@aliali-ce3yfmaybe you have no clue how humans learn
You as well, huh?
I don’t typically comment on thumbnails but that thumbnail is amazing, looks like an old punk rock album cover.
Great documentary thanks!
Such a well done documentary. Thank you!
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.
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.
Any Blade Runner related comment always gets a big 👍 from me.
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.
Very applicable to Japan in the 80/90’s and I believe also modern day China.
What a poetic line. I’m stealing this.
Thank you for the always original content! The AI music was a nice cherry on top, too!
Usually, its normal to ask to never change, but you sir, are doing a fantastic job at evolving your style and just standing out.
Great program.
Thank you.
nice video, lovely editing job.
I was always curious about this. Thank you for making it informative and entertaining. The content, presentation, story telling. All top notch. Has to be the best video of all time.
Don't be silly.