What was the name of Japan's stock-market bubble that burst in 1990?

Japan's stock-market bubble that burst around 1990 is called the Japanese asset price bubble. Land and share prices had soared during the late 1980s, fueled by easy credit and speculation.

The Nikkei 225 reached an intraday peak of 38,957.44 on 29 December 1989. After monetary tightening and falling property values, Japanese equities collapsed, and banks were left with huge nonperforming loans.

The prolonged stagnation that followed is known as Japan's Lost Decade, although weak growth extended beyond the 1990s. The Lost Decade names the aftermath, not the bubble itself, while the Plaza Accord was an international currency agreement often discussed in the bubble's background.