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1、“日本泡沫经济”一词，指的是80年代后期到1990年末的日本经济，这一时期的日本经济以股价、地价等资产价格高涨为特征。所谓“泡沫”是指资产价格中超过基准价格的部分。而基准价格是由下列公式决定的：资产价格=资产预期收益／利息率。由于投机，使得泡沫膨胀又迅速消失
1. The term “Japanese bubble economy” refers to the Japanese economy from the late 1980’s to the end of 1990. The Japanese economy during this period was characterized by high asset prices such as stock prices and land prices. The so-called “bubble” refers to the asset price in excess of the benchmark price. The benchmark price is determined by the following formula: Asset price = asset expected return / interest rate. As a result of speculation, the bubble has rapidly disappeared