With the bursting of the housing bubble, 70% of Japan's land has increased in the past 20 years, which has had a huge impact on the Japanese economy.
In the 90s of the 20th century, the real estate market in Japan ushered in a boom period, and the land **continued**, and many people saw it as an investment opportunity and poured into the real estate market. However, as time passed, the housing bubble gradually burst, and the land **began**.
According to statistics, in the past 20 years, 7 percent of Japan's land has been used, especially in the center of large cities such as Tokyo, and more than 8 percent of the land has been used. This kind of ** has not only brought huge losses to investors, but also has a huge impact on the Japanese economy.
First of all, the land has led to a recession in the real estate market. Many developers are unable to repay their debts and are struggling, while homebuyers are unable to property because of the price of the property. This has led to a vicious cycle in the real estate market, where many people are unable to access financing and have no access to real estate, further exacerbating the land market.
Secondly, the land also led to a recession in Japan's economy. Many businesses and individuals are struggling because they can't pay their debts, leading banks and financial institutions to struggle as well. This has led to a prolonged period of recession in which the Japanese economy has not fully recovered until now.
In addition, the land has also led to instability in Japanese society. Many people are stuck in trouble because they can't pay their debts, leading to growing discontent in society. At the same time, many young people are unable to buy property due to housing prices**, leading to a growing sense of social inequality.
In short, the land has had a huge impact on the Japanese economy. It has led to a recession in the real estate market, a recession in the economy, and instability in society. Therefore, measures should be taken to stabilize the real estate market and boost the economy to avoid a similar crisis from happening again.