The bursting of Japan's economic bubble triggered changes in 11 industries.
The bursting of Japan's economic bubble has indeed brought profound socio-economic changes.
·1. The rise of the anime industry: After the collapse of the bubble economy, people began to look for ways to escape and relax, which drove the animation industry because of the entertainment and emotional support they provide.
·2. The popularity of indirect employment: After the collapse of the bubble economy, many traditional large companies fell into trouble, resulting in a decline in confidence in long-term employment, and many people began to accept more flexible employment methods, such as temporary work and freelancing, to accommodate economic instability.
·3. The rise of prepared dishes and the decline of the restaurant industry: The economic downturn has led to a greater focus on saving money, so the trend of eating one-person and buying prepared dishes has increased. The traditional restaurant industry may be affected because people prefer to eat at home.
·4. Stress relief from going to school: There is a focus on acquiring practical survival skills, such as cooking and wellness, to improve quality of life and employment opportunities.
·5. Increased demand for physical activity: After the collapse of the bubble economy, people paid more attention to health and quality of life, so the number of people involved in physical activity and fitness activities increased, which may lead to the growth of the fitness industry.
·6. Reshaping the financial sector: In response to the financial crisis following the collapse of the bubble economy, Japan's financial sector underwent major changes, including the consolidation and repositioning of the banking sector.
·7. Collapse of the real estate market: The collapse of the bubble economy has led to a sharp drop in house prices in Japan, and many people are facing debt problems, which has had a severe impact on the real estate industry and related industries.
·8. Innovation in Technology and Manufacturing: In response to economic challenges, Japanese technology and manufacturing companies are looking to innovate in emerging sectors such as information technology, biotechnology, and green technology in search of new growth opportunities.
·9. Growth in the elderly care and healthcare industry: With the aging population, the elderly care and healthcare industry has experienced rapid growth to meet the needs of the elderly.
·10. Increased focus on environmental and sustainability issues: There is a growing focus on environmental and sustainability issues, which is driving growth in the environmental and renewable energy sectors.
·11. Internationalization and globalization: In order to diversify risks and find new business opportunities, Japanese companies began to actively seek international markets and expand their global business.
These changes reflect the adjustment and restructuring of Japanese society and economy after the bursting of the economic bubble. These changes reflect the profound impact of the bursting of the economic bubble on Japanese society and culture, driving changes in people's consumption and lifestyles. Please note that these trends may change over time and are influenced by other factors.
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