America had been pumping capital into Japan since the occupation. Japanese banks then responded through low interest loans and extensions of credit to basically anyone who asked. It resulted in a massively inflated tech sector, usually called the Japanese economic miracle. This scared the heck out of American capitalists. Japan briefly became the big evil country in a lot of American news/media in the 80s.
This fear would culminate with America raising interest rates and building alternate tech/computing sectors, Silicon Valley for one. Japan had a massive recession throughout the 90s, which is usually called the lost decade in Japan.
America had been pumping capital into Japan since the occupation. Japanese banks then responded through low interest loans and extensions of credit to basically anyone who asked. It resulted in a massively inflated tech sector, usually called the Japanese economic miracle. This scared the heck out of American capitalists. Japan briefly became the big evil country in a lot of American news/media in the 80s.
This fear would culminate with America raising interest rates and building alternate tech/computing sectors, Silicon Valley for one. Japan had a massive recession throughout the 90s, which is usually called the lost decade in Japan.
That's the basics of it