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I'm hoping someone can explain this to me like I'm a toddler, because all the research I do seems to yield more questions than answers.

Investopedia seems to explain it best, Japan's lost "decade" was caused by a combination of:

  • a bursting real estate bubble
  • hiked interest rates
  • Japan's central bank creating a credit crunch & liquidity trap

But none of those things are unique to Japan. Why are America and other economies seemingly so able to bounce right back when these events occur, but Japan got stuck?

Was it just the perfect storm of all these things happening at once?

Are there cultural/consumer habits that fueled it?

Was it due to some finer details of policies Japan's central bank practiced?

Could something similar happen in other economies, particularly America's?



Submitted May 23, 2022 at 12:56AM by mkvriscy https://ift.tt/YdT7We5

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