What are the causes of the economic crisis in Japan and South Korea?

The Lost Decade – this was the name of the period of economic crisis in Japan after the blowing of the financial bubble in 1991. Due to speculation in the stock market and in real estate, square meter in the center of the capital has reached $ 1 million. Gradually, financial and investment flows began to leave the country, and with them the competitiveness of goods in the world market decreased. All this was facilitated by corruption and political instability. In South Korea, the 1997 crisis hit hard currency and gold reserves, practically exhausting them. He suspended the stable development of the state for several years.