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Post-apocalyptic Pictures Of Tokyo
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Tokyo's subway and commuter rail network became one of the busiest in the world as more and more people moved to the area. In the 1980s, real estate prices skyrocketed during a real estate and debt bubble. The bubble burst in the early 1990s, and many companies, banks, and individuals were caught with mortgage backed debts while real estate was shrinking in value. A major recession followed, making the 1990s Japan's "lost decade" from which it is now slowly recovering.
Tokyo still sees new urban developments on large lots of less profitable land. Recent projects include Ebisu Garden Place, Tennozu Isle, Shiodome, Roppongi Hills, Shinagawa (now also a Shinkansen station), and the Marunouchi side of Tokyo Station. Buildings of significance are demolished for more up-to-date shopping facilities such as Omotesando Hills.
Land reclamation projects in Tokyo have also been going on for centuries. The most prominent is the Odaiba area, now a major shopping and entertainment center. Various plans have been proposed for transferring national government functions from Tokyo to secondary capitals in other regions of Japan, in order to slow down rapid development in Tokyo and revitalize economically lagging areas of the country. These plans have been controversial within Japan and have yet to be realized.
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