Tokyo Stock Exchange - Roaring 'Bubble' Years - (June 1990) 東京証券取引所 | Tokyo
Information | History | View | Sightseeing | Video
A visit to the Tokyo Stock Exchange two times on the same day in June 1990 - once before it was jumping, and then again later (after going out for lunch), when the trading was roaring along. There are different ways of determining how long the bubble economy lasted, with some saying at the end of 1989, and others the early months of 1991. On the day I visited in June 1990, there was no sign of gloom, there was clapping on the floor, and it's obvious that many thought the high times could somehow continue. Also in this clip is a cashier manually entering the price at a cash register, me having a glass of "ice coffee", and views of a vast sea of trucks on the elevated expressways. Also notice how the high school girls visiting the stock exchange all have very long skirts. It was right around this time (maybe a year later) that I remember seeing the first set of mini-skirt uniform schoolgirls, which would have been unthinkable in the eighties. Lyle (Hiroshi) Saxon http://www5d.biglobe.ne.jp/~LLLtrs/ http://uk.youtube.com/lylehsaxon
Comments
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I love the video thank you
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This is really fascinating. You can just feel the energy in the air in the TSE.
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It's always a combination of things, so I don't think it's all completely dirty, but certainly there is a lot going on behind the scenes.
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I'm starting to believe that as well. When I hear geopoliticians speak, it makes sense. But still, I don't like the idea that politics has so much influence over everything. I prefer to think that South Koreans pulled themselves up rather than a push from Uncle Sam or that Japan's economy almost overtook US but stagnated for natural reasons. I hope very few events have ugly political conspiracies, otherwise this world doesn't look like a nice place to live in.
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Just realized I forgot to approve your comment (from 11 months ago!). Sorry for the delay!
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After going through h**l via BigCorp office politics, all I can say is "Truth is much stranger than fiction".
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There are a few geopolitical theories that say, US allowed Japan to prosper because they needed a good to counter Soviet in the Pacific. But when Soviet collapsed, Japan's huge economy looked like a threat and so they found a way to stagnate it. Some of you may think this is nonsensical, just as geopolitics but it makes sense. There's also the theory that Israel and South Korea have developed very fast because US wants them to in those regions.
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Eehe i think it's in the dna of that city. When i went there and saw the city from the higher point of the Tokyo Tower i was amazed at its hugeness...to think that at the end of the 16th century Edo was a very small fisher's village and after only one century was already one of the most populous capitals in the world. And i wonder what'll become in the future..i hope not a "blade runner's" like multi-level metropolis XD
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Thanks for the feedback. I'm glad to hear this is useful for your PHD project. Strangely, at the time I took videos of Tokyo in 1990-92, I didn't think about the material becoming historical - I just tried to record "current Tokyo". After 23 years, Tokyo is different in many way from when I took this and I feel a little strange about how things change so fast!
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I've in program to make an university PHD project about the japanese Bubble Economy. This video is really useful to understand the atmosphere of that period...many thanks for the UP. I've visited Japan only once but i agree with you...Tokyo isn't so "high tech" or "hyper futuristic" as usually depicted in the media. I live in Italy and i must say...some parts of the city even remembered me of home..
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WOW! Good job at the video taking it 22 years ago. Based on my living experience from tokyo over the last few years, I feel the streetscape hasnt changed at all, other than keitais/mobile phones and fashion. The stock exchange completely changed, its quiet and there are less than 10 people on the "floor".
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We are going to be looking back at China in the same way. The realestate bubble is creating suburbs in China, something it and the world simply can't afford. To even bring per capital oil useage to European levels would require adding and additional 42mb/d of oil! To get to the US per capita use of 22.6 barrels a year, China would be using 83.279MB/D. Considering the world is only producing about 85mb/d, things don't look good for China.
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Those were the best of times
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@lewistalbot111 I just had another look at this one after not seeing it for a while - in light of the current economic troubles, it seems like it's a completely different world, which in a way, it was. The current young generation are the children of the young people in this video... - LHS
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@andshiga I'm glad you liked it - and I'm especially glad you mention the feeling of being there, as that was the effect I was trying to achieve. - LHS
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It almost felt like I was there. Thank you!
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@saintsaens21 It depends on which part of the city you're in. Also, it's not so much that the design of individual buildings is futuristic as that there is a strong push to destroy old stuff, so there are very few very old buildings. Sometimes they tear down some very cool structures in order to put up new boxes... It's all about "Destroy anything old - build something new". - LHS
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Yeah - I was trying to be innovative, but the result isn't so good. As I took more and more video, I used the diagonal angles less and less... - LHS
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The robot - I'm not sure how obvious (or not) it is, but the idea of the robot is to allow people to practice the hand signals used on the floor while trading. Not something I feel inclined to learn, but when prices were high, I guess it looked cool. The shrines - yeah, there are actually a number of small ones scattered about the city - some on rooftops. - LHS
懐かしいな