Japan S Lost Decade Brief History And Lessons
What Caused Japan’s Lost Decade? Most economic crises follow economic booms when the valuation of companies disconnects from the real value of these companies based on fundamentals. For example, the dot-com bust and the Great Recession in the United States immediately followed record U.S. stock market valuations. At times like these, it is commonly said that Wall Street has become disconnected from Main Street. Similarly, Japan’s lost decade was largely caused by speculation during a boom cycle....