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UPDATE July 2016: We have a sequel to this video! Find out about Corporate Japan! https://www.youtube.com/watch?v=HuZm5PpjJ3c How did Japan industrialize so quickly in the 20th century? Why did the country experience a "lost decade" in recent times? Find out in Art and Finance's first-ever vlog post! (Thanks for your patience regarding the quality, I have a budget of zero right now!) Art and Finance website: http://artandfinance.net/ Buy artwork/merchandise: http://www.redbubble.com/people/artandfinance Facebook: https://www.facebook.com/artandfinance Twitter: https://twitter.com/Art_and_Finance Patreon: https://www.patreon.com/artandfinance Assistants: Mack Agbayani Regina Tan Sources/Links: A Modern History of Japan: From Tokugawa Times to the Present. Gordon, Andrew. pp. 49, 52-53, 59-63, 98-99, 245-246, 249-251, 299-300 (2003 Oxford University Press, Inc.) "Did the Plaza Accord Cause Japan's Lost Decade?". International Monetary Fund. https://www.imf.org/external/pubs/ft/weo/2011/01/c1/box1_4.pdf "The Plaza Accord: The World Intervenes in Currency Markets". Twomey, Brian. http://www.investopedia.com/articles/forex/09/plaza-accord.asp "Yes, Japan Lost a Decade. So did US". Smith, Noah. http://www.bloombergview.com/articles/2014-12-16/yes-japan-lost-a-decade-so-did-us "Lessons from Japan: Fighting a Balance Sheet Recession". Koo, Richard C. http://www.cfapubs.org/doi/pdf/10.2469/cp.v27.n4.4 "How Japan's National Debt Grew So Large". The Economist via Barry Ritholtz. http://www.ritholtz.com/blog/2013/10/how-japan%C2%92s-national-debt-grew-so-large/ "The Japanese Debt Crisis (Part 1): Has Japan Passed the Point of No Return?". Rimkus, Ron CFA. http://blogs.cfainstitute.org/investor/2012/04/19/the-japanese-debt-crisis-has-japan-passed-the-point-of-no-return/ "The Japanese Debt Crisis (Part 2): When Does Japan Cross the Event Horizon?" Rimkus, Ron CFA. http://blogs.cfainstitute.org/investor/2012/04/20/the-japanese-debt-crisis-part-2-when-does-japan-cross-the-event-horizon/ "Bloomberg Quicktake: Abenomics". Bloomberg Staff. http://www.bloombergview.com/quicktake/abenomics "Japan: The Third Arrow of Abenomics". Deloitte University Press. http://dupress.com/articles/global-economic-outlook-q3-2014-japan/ "Abe Orders Japan’s First Sales-Tax Increase Since ’97: Economy". Mogi, Chikako and Reynolds, Isabel. http://www.bloomberg.com/news/articles/2013-10-01/abe-proceeds-with-japan-s-first-sales-tax-increase-since-1997 "Japan Unexpectedly Enters Recession as Abe Weighs Tax: Economy". Fujioka, Toru and Ujikane, Keiko. http://www.bloomberg.com/news/articles/2014-11-16/japan-s-economy-unexpectedly-contracts-as-abe-weighs-tax-delay "Families hit as inflation outruns wage rises". Bloomberg staff. http://www.japantimes.co.jp/news/2015/02/04/business/economy-business/inflation-outpaces-rise-in-earnings/#.VO1mvbOUcYJ "How to Give Japan a Second Wind". Pesek, William. http://www.bloombergview.com/articles/2014-10-29/how-to-give-japan-a-second-wind "How Low Can He Go? The Election Math for Abe to Stay in Command". Reynolds, Isabel and Takahashi, Maiko. http://www.bloomberg.com/news/articles/2014-11-30/how-low-can-he-go-the-election-math-for-abe-to-stay-in-command "Abe Scores Commanding Majority in Japan Lower House Election Win". Reynolds, Isabel and Takahashi, Maiko. http://www.bloomberg.com/news/articles/2014-12-14/abe-s-ruling-coalition-wins-majority-in-japan-election-nhk-says?x=10 "How Japan Borrows $9 Trillion Practically for Free". Mayger, James and Ujikane, Keiko. http://www.bloomberg.com/news/articles/2015-02-10/how-japan-borrows-9-trillion-practically-for-free