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The growth in the Japanese stock market, 1949–90 and prospects for the future
Author(s) -
Ziemba William T.,
Schwartz Sandra L.
Publication year - 1991
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090120211
Subject(s) - stock market , stock (firearms) , economics , financial economics , economy , monetary economics , geography , archaeology , context (archaeology)
Abstract This paper surveys the growth in size and value of the Japanese stock market from its post‐Second World War reopening until the end of 1990. The rise has been spectacular, but there have been many declines along the way. These are discussed along with the close relationship between land and stock prices. The paper concludes with an assessment of the current situation and prospects for the short and long term.