Abstract
House prices are a reflection of a country's economic growth and a city's overall competitiveness, and are determined by supply and demand after integrating various factors. Real estate is an important pillar industry all over the world, and almost everyone sees property as an important reflection of economic property. Real estate includes residential and commercial property. In 2023 real estate will remain an important and large industry. House prices are something that is closely watched in people's lives. When there is a change in house prices it can have an impact on the whole society and economy. This study focuses on the impact of macroeconomic policies on the house price bubble economy and the causes of the house price bubble economy. The study will adopt an objective perspective and a formulaic approach to analyze the house price bubble economy. This study will use the example of Japan during the bubble economy to explain this. It is found that different macroeconomic policies will lead to different economic effects that will trigger the strength of the house price bubble, such as macroeconomic policies that lead to inflation and then lead to the strengthening of the house price bubble.
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