The bubble burst after the Bank of Japan tightened monetary policy at the start of 1990, triggering the collapse of equity and land prices.
But analysts who spoke to CNBC said Japan is not headed for another crash like the one during the bubble.
Furthermore, "current high inflation rates in Japan are due to higher import costs on the back of a weaker yen and high commodity prices.
What led to Japan's bubble?
Nikkei reported in March that share buybacks by Japanese companies was set to reach their highest level in 16 years.
Persons:
Kazuhiro NOGI, KAZUHIRO NOGI, Nogi, Dong Chen, Ryota Abe, Abe, Japan's, Shinzo Abe, Chen, SMBC, Warren Buffet's
Organizations:
Nikkei, Getty, Afp, Bank of Japan, CNBC, Sumitomo Mitsui Banking Corporation, Tokyo Exchange, Billionaire, Global
Locations:
Tokyo, AFP, Japan, China