How to say the bursting of japan's so-called bubble economy sent shockwaves through international markets. in Japanese

1)日本日本(nippon) (n) japanの(no) (prt) indicates possessive/nominalizes verbs and adjectives/substitutes for "ga" in subordinate phrases/indicates a confident conclusion/ indicates emotional emphasis/indicates questionいわゆるいわゆる(iwayuru) (adj-pn) what is called/as it is called/the so-called/so to speakバブルバブル(baburu) (n) bubble経済経済(keizai) (n,vs) economics/business/finance/economyの(no) (prt) indicates possessive/nominalizes verbs and adjectives/substitutes for "ga" in subordinate phrases/indicates a confident conclusion/ indicates emotional emphasis/indicates question崩壊崩壊(houkai) (n,vs) collapse/crumbling/breaking down/caving in/decayは(ha) (int) indicating a subject/yes/indeed/well/ha!/what?/huh?/sigh、(、) Japanese comma国際国際(kokusai) (n,adj-no) international市場市場(shijou) (n) market/marketplaceに(ni) (prt) indicates such things as location of person or thing, location of short-term action, etc.衝撃波衝撃波(shougekiha) (n) shock waveを(wo) (prt) indicates direct object of action/indicates subject of causative expression/indicates an area traversed/indicates time over which action takes place/indicates point of departure or separation of action/indicates object of desire, like, hate,広げno dictionary result, likely a conjigated verbno dictionary result, likely a conjigated verbましたました(mashita) (n,adj-no) right under/directly below。(。) Japanese period "."    
nippon noiwayuru baburu keizai no houkai ha 、 kokusai shijou ni shougekiha wo hiroge mashita 。
Grammer form丁寧語 (Polite form)Polite form (teineigo)
convays a sense of politeness, used when speaking to strangers, people older than you, higher social status ect.
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