The japanese asset price bubble (, baburu keiki, bubble economy) was an economic bubble in japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and japans economy stagnated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an. The very same monetary and psychological factors that caused the last decades housing bubble and other excesses have created numerous other bubbles that have not popped yet. There are many bubbles that are still expanding and creating an illusion of economic strength, including rising stock prices, while threatening to devastate the global economy upon their inevitable popping. The fact that the asian crisis (1997) did not lead to a worldwide contagion and the little contagion of the dot com bubble led to the belief that a crisis, like the credit crisis, could be controlled without contagion to other industries. The asian financial crisis was a period of financial crisis that gripped much of east asia and southeast asia beginning in july 1997 and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in thailand (known in thailand as the tom yam kung crisis thai ) on 2 july, with the financial collapse of the thai baht. By jesse colombo (this article was written on june 4th, 2012). In the late 1980s, on the heels of a three-decade long economic miracle, japan experienced its infamous bubble economy in which stock and real estate prices soared to stratospheric heights driven by a speculative mania. Japans nikkei stock average hit an all-time high in 1989, only to crash in a spectacular fashion. Asian financial crisis the asian financial crisis, also called the asian contagion, was a series of currency devaluations and other events that spread through many asian markets beginning in. Brazilian markets crash of 1971 lasted until the early 1980s. Led to the dramatic rise in oil prices, the miners strike and the downfall of the heath government black monday crash of october 1987 rio de janeiro stock exchange crash 1989 asian crash of 1998 the dot. A flash crash occurs when prices plunge in minutes, and then often recover just as quickly. When did the bubble economy begin and when did it end? Economic historians usually date the beginning of the bubble economy in september 1985, when. So, if you are looking for a parallel to japans nikkei in the 1980s, the us in the 1990s ahead of the tech bubble crash is very good.