Japan's Economic Recovery under the Financial Crisis -- Compared with the United States

From 2008 to 2009, the United States ushered in the subprime mortgage crisis, which caused, including but not limited to, the break of bank capital chain, the rise of interest rates, the decline of people's consumption and investment ability, the collapse of the real economy, the closure of many factories, layoffs, and the straight rise of unemployment, which was a global financial crisis. At the same time, Japan is also experiencing a huge economic recession after the bursting of the economic bubble and the recovery of the economy. The subprime mortgage crisis is undoubtedly a shock to the precarious Japan. This paper will collect multiple sets of data, GDP, unemployment rate, house price and so on. It will analyze the similarities and differences between Japan's "bubble economy" and the United States' "subprime crisis" in terms of monetary supply and fiscal policies adopted by Japan in the face of various difficulties.