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Japan: Cashing In on Golf's Comeback (BusinessWeek Online via Yahoo! News) |
There are few things more emblematic of the crazy, speculative excesses of late-1980s Japan than the nation's golf-course business. Golf club memberships were fetching $2 million-plus at the most prestigious clubs back then, and scores of real estate developers and companies bet big on course developments all across the archipelago. It ended in tears, of course, when Japan's bubbling economy
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