&gt;Interestingly, back in the 1980s, we Americans thought Japan was going to take over in every market: automotive manufacturing, high tech and consumer electronics, software, even space travel eventually. They were buying up iconic American properties like Rockefeller Center, and Japanese culture was all the rage.
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&gt;Then something strange happened in the &#x27;90s: the Internet.<p>The Internet had nothing to do with it. Japan was simply in the midst of a titanic property bubble which subsequently popped:<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Japanese_asset_price_bubble" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Japanese_asset_price_bubble</a>