Sat Jan 18 00:16:36 2020
<8f79fcda> <https://en.m.wikipedia.org/wiki/Lost_Decade_(Japan)|https://en.m.wikipedia.org/wiki/Lost_Decade_(Japan)>
— Lost Decade (Japan)
— The Lost Decade or the Lost 10 Years (失われた十年, Ushinawareta Jūnen) was a period of economic stagnation in Japan following the Japanese asset price bubble’s collapse in late 1991 and early 1992. The term originally referred to the years from 1991 to 2000, but recently the decade from 2001 to 2010 is often included so that the whole period is referred to as the Lost Score or the Lost 20 Years (失われた二十年, Ushinawareta Nijūnen). Broadly impacting the entire Japanese economy, over the period of 1995 to 2007, GDP fell from $5.33 trillion to $4.36 trillion in nominal terms, real wages fell around 5%, while the country experienced a stagnant price level. While there is some debate on the extent and measurement of Japan’s setbacks, the economic effect of the Lost Decade is well established and Japanese policymakers continue to grapple with its consequences.
