It is not absolute that bank loans will cause economic bubbles, and loans can promote economic development. Therefore, the state is also encouraging bank loans, which is actually waste paper. Why not make rational use of them? It is not caused by simple loans, but by various economic policy reasons, such as the US real estate bubble and the US stock market crash.

Second, what happened to the bubble economy in the late 1980s?

Although the Japanese bubble economy we are talking about now refers to the result of the bursting of the Japanese real estate bubble from the late 1980s to the early 1990s. When Japan's economic bubble was punctured, the whole country had been in recession for a long time and the quality of life of ordinary people began to decline. Because of Japan's economic crisis, various "bad economic scenes" have been formed in Japan.

For example, because of the arrival of the bubble economy, unfinished buildings began to appear in many places in Japan because of insufficient capital chain. 1In June, 987, the Japanese government implemented the Law on Regional Security for Comprehensive Recreation and Entertainment. Simply put, this law is actually about expanding domestic demand in Japan. Places for entertainment and old-age care have been built all over Japan, and various leisure buildings, such as golf courses, ski resorts and yacht bases, have also been built locally.

However, after the arrival of 1990, the newly-built entertainment facilities in these places soon became heavily indebted to local finance because of the arrival of the bubble economy.

In addition to the huge impact on the real estate economy, the consumption level of Japanese civilians began to decline with the arrival of the bubble economy.

1990, Japan's "Construction" pointed out that although the Japanese earned a lot, the Japanese labor time difference, coupled with the appreciation of the yen at that time, the purchasing power of the yen began to decline, so the actual "living gross national product" was actually only 2/3 of that of the United States. Generally speaking, it is the depreciation of the yen that makes Japan's domestic economic consumption worse than that of the United States.

At the same time, the Labour Party believes that the gap between the rich and the poor in Japan has widened since then, and 84.8% of Japanese believe that although Japan has strong economic strength, it can only reach about 50.5% of the rich citizens.

Just a few years ago, the Japanese didn't expect a disaster like "bubble economy" to happen in a few years. From 198 1, the Japanese began to pursue hedonism crazily. Overseas luxury cars and valuable works of art have become the object of Japanese pursuit.

However, although some people will say that Japanese people are extravagant in buying art. But from the data point of view, the consumption of buying famous paintings in Japan may not be too high.

1980 rpm 1989. There are two auction houses, among which Americans buy 25% famous paintings and Europeans buy 34.9% famous paintings. The Japanese bought 40%.

If buying famous paintings is a kind of venture capital in itself. At the same time, the Japanese began to get involved in the "huge interest income" in the venture capital market.

Some families obviously don't have rich bank deposits, but they still borrow money everywhere to gamble on venture capital. Real estate companies, securities companies and other institutions borrow money to invest in stocks and real estate. These families naturally don't think that they will end up with the word "bankruptcy" in the future.

But speaking of it, it still happened in Japan's bubble economy in the 1980 s, or because the Japanese began to enjoy themselves crazily and then the real estate went bankrupt. In fact, in the previous history, the Japanese have already rehearsed it again.

1974, with the end of the Middle East war, Japan's oil import road fell into the fear of no oil available because of the end of the war. Because of the impact of oil prices, prices in Japan have also skyrocketed. There are even rumors that there is a place called Shimosaki in Japan where toilet paper is about to be out of stock somehow. After this rumor came out, some local housewives in Japan ran to the supermarket to snap up all related products. And this storm of snapping up daily necessities quickly spread in Japan.

However, the public opinion of high prices began to spread a few years ago. Tanaka kakuei's cabinet also fell.

In addition, due to other economic growth, Japan began to experience inflation. After rural youth and some young people who work in cities are concentrated in cities, urban land prices naturally rise. The demand for housing has also become urgent.

To sum up, Japan's economic bubble actually existed in the 1970s, but it began to make false reports in the 1980s, even thinking that it could get high returns. Finally, 1992, the Japanese government has to admit the economic recession.

3. Since bank loans will cause economic bubbles, why does the state implement a series of policies to encourage loans?

It is not absolute that bank loans will cause economic bubbles, and loans can promote economic development, so the state is also encouraging loans appropriately. As we all know, the money left in the bank is actually waste paper. Why not use it rationally?