An unstable expanding economy; in particular, a period of heightened prosperity and increased commercial activity in Japan in the late 1980s brought about by artificially adjusted interest rates.
- The authors begin their study by seeking to establish a definition of the bubble economy, based on the experiences of Japan's economy in the late 1980s.
- The bubble economy of the 1980s briefly propelled Japan to superpower status.
- If this continues for long, China's economy will become overheated and a bubble economy will be created.
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