Skyscrapers Curse: Japan's Depression is Far From Over

According to the Skyscrapers Curse, Japan might not be even close to the end of the 2 decade long depression, as they have just built the tallest tower in the world in Tokyo:

World’s Tallest Tower to Help Tokyo Railway Lure Shoppers
(Bloomberg) May 18, 2012 — The Tokyo Skytree, twice as tall as the Eiffel Tower, opens next week as Japanese train operators counter an aging population by building malls, offices and tourist attractions. 

The 634-meter (2,080 feet) structure in eastern Tokyo sits in a retail complex housing more than 300 shops and restaurants, a planetarium and an aquarium. Developer Tobu Railway Co. (9001) expects the project to draw 32 million visitors in its first year, surpassing the numbers at Tokyo Disney Resort. Tobu, whose revenue has fallen for five years, will also get a 28.3 billion yen ($352 million) sales boost in the year ending March 31, according to Kazuhiko Hirata, a general manager for finance.

Here's a short description of the Skyscrapers Curse:

there’s an uncanny, if unscientific, correlation between financial crises and efforts to build the world’s tallest building. Look no further than Kuala Lumpur in 1997, Chicago in 1974, New York in 1930 and in biblical times with the Tower of Babel.
The human propensity for architectural overreach has been a surprisingly reliable omen. It’s not a stretch to think of such projects as visual punctuation marks. A giant billboard made of steel, glass, concrete and money. A common thread between skyscrapers and economic disasters has to be easy credit, which fuels irrational growth, valuations, and hubris.

My other posts about the Skyscrapers Curse.

Here are a few pictures of the tower: