Sunday, 17 May 2015

There's no end in sight for Japan's 25-year depression

There's no end in sight for Japan's 25-year depression

In the early 2000s, the phrase "lost decade" began to be applied to Japan's economic performance during the 1990s. The lost decade started with the popping of one of the greatest stock-market bubbles in history. Japan's Nikkei 225 Index hit an all-time high of 38,916 in December 1989, and then began a sickening 80% crash to a low of 7,831 in April 2003.
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