Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»Haunting Japanese ghost town frozen in time sheds light on country’s turbulent economic past
Business

Haunting Japanese ghost town frozen in time sheds light on country’s turbulent economic past

Buddy DoyleBy Buddy DoyleJuly 27, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Haunting Japanese ghost town frozen in time sheds light on country’s turbulent economic past
Share
Facebook Twitter LinkedIn Pinterest Email

An urban explorer recently documented a largely abandoned, yet remarkably well-preserved, Japanese resort town.

Kinugawa Onsen, located in Nikkō, a city in central Japan’s Tochigi Prefecture, was once a thriving tourist destination known for its hot springs and towering cliffside hotels. 

“I was scouting other nearby locations when I came across this entire district of abandoned hotels,” 28-year-old Luke Bradburn told news agency SWNS.  “It was like walking into a ghost town.”

The area was first developed in the 1970s – right in the middle of the Japanese economy’s postwar launch into the stratosphere. 

MAN DISCOVERS ‘GHOST TOWN’ FULL OF EMPTY, EERIE HOTELS: ‘LIKE A TIME CAPSULE’

However, it soon became evident that the Land of the Rising Sun was on the precipice of economic disaster – and that places like Kinugawa Onsen wouldn’t be able to hold on much longer.

TRUMP SECURES HISTORIC $550B TRADE DEAL WITH JAPAN: ‘NEVER BEEN ANYTHING LIKE IT’

In the late 1980s, lax fiscal policy and related behavior ran rampant – and the country touted the sky-high stock prices and real estate valuations to show for it. 

It was evident that Japan was on the cusp of a bubble, and when that bubble burst, it gave way to what’s colloquially known as the “Lost Decade” of the 1990s.

Stock trader in Japan

The Financial Ministry hiked interest rates, the stock market crashed, and demand tanked – resulting in a period of economic deflation and growing conservatism in business investments. Ultimately, this slowed the market to a crawl.

Some analysts have even broadened the term to “Lost Decades,” citing events like the 2008 recession and 2011 Fukushima Daiichi Nuclear Power Plant disaster as catalysts for further, significant economic turbulence throughout the 2000s and 2010s.

CALIFORNIA OVERTAKES JAPAN TO BECOME WORLD’S 4TH LARGEST ECONOMY

Kinugawa Onsen in Japan

Between 1995 and 2023, the Japanese economy saw a trillion-dollar drop in nominal GDP – and, despite the country’s continued status as a global economic powerhouse, its share of the world’s nominal GDP spent the last three decades contracting to about one-fifth of what it was in the 1990s.

In the 1990s, places like Kinugawa Onsen were quick to fall victim to Japan’s newfound economic pessimism – and other aggravating factors surrounding it. 

The formerly luxe vacation hotspot went from attraction to aberration – and in 2005, Professor Shigeru Itoh, an urban planning expert, dubbed the area the third-ugliest place in Japan.

“You get a sense of what life must’ve been like here at its peak – and then it just stopped,” Bradburn said of the area. 

“It’s eerie, sad and fascinating all at once.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleForget 10,000 steps — research reveals the real number you need for better health
Next Article Hulk Hogan’s son, Nick, shares touching tribute to his ‘hero’ following wrestling legend’s death

Related Articles

Trump announces 25% tariff on medium- and heavy-duty trucks

Trump announces 25% tariff on medium- and heavy-duty trucks

October 6, 2025
Tesla teases Tuesday announcement with social media videos

Tesla teases Tuesday announcement with social media videos

October 6, 2025
Univision CEO calls Google ‘tone-deaf’ after it drops network from YouTube TV

Univision CEO calls Google ‘tone-deaf’ after it drops network from YouTube TV

October 6, 2025
Hopes dim in prediction markets as traders bet government shutdown will drag on for weeks

Hopes dim in prediction markets as traders bet government shutdown will drag on for weeks

October 6, 2025
Social Security Commissioner Frank Bisignano named IRS CEO

Social Security Commissioner Frank Bisignano named IRS CEO

October 6, 2025
AMD announces major partnership with OpenAI for AI computing infrastructure

AMD announces major partnership with OpenAI for AI computing infrastructure

October 6, 2025
Miami’s next legacy moment: City leaders say they’re ready — are they?

Miami’s next legacy moment: City leaders say they’re ready — are they?

October 6, 2025
Inside the Kansas museum keeping Amelia Earhart’s spirit alive nearly 90 years after her disappearance

Inside the Kansas museum keeping Amelia Earhart’s spirit alive nearly 90 years after her disappearance

October 6, 2025
Government shutdown may delay Social Security cost-of-living adjustment announcement for 2026: report

Government shutdown may delay Social Security cost-of-living adjustment announcement for 2026: report

October 6, 2025
Don't Miss
White House warns of ‘pain’ inflicted on Americans if Democrats don’t reopen government

White House warns of ‘pain’ inflicted on Americans if Democrats don’t reopen government

Luxury ‘golden’ visa program targets rich Americans as ordinary folks are left behind

Luxury ‘golden’ visa program targets rich Americans as ordinary folks are left behind

Trump announces 25% tariff on medium- and heavy-duty trucks

Trump announces 25% tariff on medium- and heavy-duty trucks

Fatal crash report finds nearly half of deadly wrecks tied to illegal drug

Fatal crash report finds nearly half of deadly wrecks tied to illegal drug

Latest News
Federal judge loses patience with Trump DOJ as Abrego Garcia deportation stalls again

Federal judge loses patience with Trump DOJ as Abrego Garcia deportation stalls again

October 6, 2025
U.S. Strikes A 4th Venezuelan Boat, Committing More War Crimes

U.S. Strikes A 4th Venezuelan Boat, Committing More War Crimes

October 6, 2025
Tesla teases Tuesday announcement with social media videos

Tesla teases Tuesday announcement with social media videos

October 6, 2025
‘Absolutely a communist’: Mamdani dodges label, but his record and expert say otherwise

‘Absolutely a communist’: Mamdani dodges label, but his record and expert say otherwise

October 6, 2025
George Clooney explains why he ‘worried’ about raising his kids in Hollywood

George Clooney explains why he ‘worried’ about raising his kids in Hollywood

October 6, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.