Case | HBS Case Collection | July 2001 (Revised June 2005)

Japan: Beyond the Bubble

by Richard H.K. Vietor and Rebecca Evans


By the summer of 2001, Japan's economy had been generally stagnant for nearly 10 years--since the collapse of the bubble economy in 1990-91. The development strategy that drove the nation during earlier decades was fulfilled, and by 1989 Japan's GDP per capita exceeded that of the United States. Facing another downturn, Prime Minister Koizumi seemed ready politically to undertake real change. A rewritten version of an earlier case.

Keywords: History; Strategy; Development Economics; Economic Slowdown and Stagnation; Macroeconomics; Japan;


Vietor, Richard H.K., and Rebecca Evans. "Japan: Beyond the Bubble." Harvard Business School Case 702-004, July 2001. (Revised June 2005.)