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Title: Yen: Japan's New Financial Empire and Its Threat to America by Daniel Burstein ISBN: 0-671-64763-6 Publisher: Simon & Schuster Pub. Date: October, 1988 Format: Hardcover Volumes: 1 List Price(USD): $3.98 |
Average Customer Rating: 4 (1 review)
Rating: 4
Summary: huge bubble behind awesomehood
Comment: I am a Chinese and until recently did I finish this book written 13 years ago,now in retrospect some point of this book is not seeing through enough,Daniel overestimated Japan's awesome financial power in surface,while neglected its hidden bubble economy,much of Japanese asset was built on that overexpanding bubble economy,esp. sky-rocketing high real estate price in Tokyo and other major Japanese cities. When bubble broke,Japanese myth broke in one night,its asset shrank dramatically,but anyway it's an alarming good book,helps remind us to keep vigilent at any time.
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