The Enlightenment Of Japan's Real Estate Bubble For Our Country

Since 2003, the development of China's real estate industry has been in high speed, which accelerates the growth of China's GDP while results in many social problems, such as the prices of real estate rising too fast. So it is necessary for us to research the background and the causes of the bubble in Japan in the eighties of last century. Compared the current macroeconomic environment and the real estate-related indicators of china with Japan's during the real estate's bubble in 1980's, we have found there have been some bubble in the development of our country's real estate. Therefore, we must actively learn from the lessons of Japan's real estate bubble, making a series of related measures to resolve China's real estate bubble as soon as possible, to ensure the development of our country's real estate in a persistent, healthy and stable state.The full-text content of the paper is divided into six parts. The first part of the article is the introduction, which mainly discussed the research situation of the bubble, the bubble economy, the real estate bubble in domestic and abroad.The second part of the article includes the basis of theory. Mainly make a systematic theoretical analysis of the definition of real estate bubble's concept and the reason of the real estate bubble.The third part of the article makes a detailed analysis on the background, the causes, and the rupture of Japan's real estate bubble in 1980s. Through the systematic study of the Japan's real estate bubble, it would help to improve our understanding on real estate bubble. So we can effectively draw on lessons learned from the Japan's real estate bubble to properly solve the current problems in the real estate industry in our country.The fourth part of the article discusses the development process of china's real estate in recent years. And indicated the development of China's real estate has four stages. The fifth part of article compares the current macroeconomic environment and the real estate-related indicators of china with Japan's during the real estate's bubble in 1980's, we have found there have been some bubble in the development of our country's real estate.The last part of article proposed some related policy advice on the development of China's real estate. Respectively from international hot money, RMB appreciation and monetary aspects, and learn from the Japan's real estate bubble.