It was the combination of banking deregulation and the G7-sanctioned surge in the yen that ushered in the final manic stage of the Japanese bubble.
银行监管放松加上受到G7支持的日元急剧升值,拉开了日本泡沫最后疯狂的大幕。
When Japan sanctioned the international use of the yen in the 1980s it set the stage for a damaging property bubble.
日本在上世纪80年代批准国际使用日元同时也种下了后来那场破坏性的房地产泡沫的祸根。
"There is probably a bubble in the number of start-ups," says Alan Patricof, a venture capitalist, though he is not yet convinced that there is irrational exuberance in later-stage valuations.
风险投资家alan Patric of承认,“在众多创业企业中也许确实有泡沫存在”,不过他现在还不相信后期估值存在非理性繁荣。
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