After World War II, about 40% of Japan's own factories and infrastructure were destroyed, the domestic mood was extremely low, and because of the war because of the huge debt, the United States took over Japan and restored the Japanese economy at a very rapid pace between 1945 and 1952, and then the Korean War broke out, Japan ushered in opportunities, the United States purchased a large amount of materials from Japan to support the war, and since then the Japanese economy has basically restarted
Due to a certain industrial base and a lot of cheap labor, and at the same time to catch up with the tide of economic globalization, Japan soon became the "world factory" Japan first exported a large number of agricultural products, and then began to export cars, cameras and other electronic products, at this time many companies in Japan quickly grew into giants, from 1954 to 1972, Japan's average GDP growth rate exceeded 10%, so rapid growth formed the "Japanese economic miracle" at that time Within a decade, Japan's per capita GDP reached two-thirds of that of the United States at the time, close to $2W. 
Consortium systemAfter the war, Japan formed a system of six foundations, namely the Mitsubishi Foundation, the Mitsui Foundation, the Hibiscus Foundation, the Tomo Foundation, the Daiichi Bank Foundation, and the Miwa Foundation, which dominated Japan's economy for the next half century. The oil crisis broke out in the seventies two oil crises, the United States fell into the quagmire, at this time Japan ushered in a second opportunity, due to the policy of the United States at that time the dollar soared rapidly, relative to the soaring dollar, Japanese products in the United States became a representative of good quality and low price, Japanese products began to be exported to the United States in large quantities, but at this moment the United States could not sit still and opened a "** war" against Japan, from a dollar can be exchanged for 250 yen to 1 dollar can only be exchanged for 130 yen, which is equivalent to the doubling of Japan's products in the United States. This limited Japan's exports of goods to the United States, and by 1985 Japan had fallen into recession, and Japan began to cut interest rates in response. 
The sequelae of interest rate cutsDue to the strong interest rate cut, the market began large-scale loans, and a large number of loan funds into the real estate market, so from 1985-1991 Japanese commercial housing ** tripled on average, in 1988 the title Tokyo Ginza housing prices were as high as 220,000 US dollars per square meter, ** also in the past few years Japan** has quadrupled as much, because the ** and the property market profits are too large, no one is willing to do business but to speculate on real estate**, at this time it opened the "bubble economy".
The bubble burstsUnder the illusion of singing and dancing in the country, Japan's ** found the clue, and the interest immediately increased from 25 increased to 6%, liquidity suddenly tightened **directly**, from 39,000 points in December 1989 to 17,000 points in two years, and from 1991 onwards, due to the reduction of people's funds and a large amount of debt, no one took over the real estate market also began**, since then the Japanese economy has entered a nearly 30-year downturn. At this moment, Japan began to save its own economy, roughly to save the bank, the bank to save the enterprise, this is a good strategy, but we just mentioned that Japan has "six major consortiums", these banks to save the enterprises are almost all zombie enterprises in the six major consortiums, and the real good enterprises due to the lack of consortium relations are all going bankrupt, since then the bailout failed to 1997 when it completely collapsed, and a few years later, it also fell to 8000 points, and completely entered the era of "bubble bursting". 
At this time, we areThe above is the process of Japan's bubble economy from the beginning to the burst, and at this time our domestic housing market has also begun, but because of Japan's experience, I believe that it will be able to drive the people through this period of economic recession safely.