Japan’s bubble economy drove stock prices to unrealistic highs. Photo: Eriko Sugita/Reuters

Japan in the 1980s: when Tokyo’s Imperial Palace was worth more than California and golf club membership could cost US$3 million – 5 crazy facts about the bubble economy

From fraud fuelled by a stock market-predicting ceramic frog to the ‘economic Pearl Harbour’ which saw Japanese companies buy up New York’s Rockefeller Center and Hollywood’s Columbia Pictures, East Asia’s economic golden age was one wild time for those at the top

Topic |   Japan
Japan’s bubble economy drove stock prices to unrealistic highs. Photo: Eriko Sugita/Reuters
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