Lost Decades of Japan
E83305
The Lost Decades of Japan refer to a prolonged period of economic stagnation, deflation, and slow growth following the early 1990s asset price bubble collapse.
Aliases (3)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic period
→
macroeconomic phenomenon → |
| alsoKnownAs |
Japan's Lost Decade
→
Japan's Lost Decades → |
| characterizedBy |
aging population challenges
→
balance sheet recession → banking sector problems → deflation → economic stagnation → liquidity trap conditions → low inflation or falling prices → non‑performing loans → slow economic growth → weak domestic demand → zero interest rate environment → |
| country |
Japan
→
|
| economicIndicator |
high public debt to GDP ratio
→
low GDP growth rate → low nominal interest rates → persistent deflation → stagnant wages → weak private investment → |
| endTime |
commonly considered to extend through the 2000s
→
|
| follows |
Japanese asset price bubble
→
|
| governmentResponse |
bank recapitalization
→
financial sector reforms → fiscal stimulus packages → public works spending → |
| hasCause |
Japanese asset price bubble collapse
→
burst of Japanese real estate bubble → burst of Japanese stock market bubble → |
| hasConsequence |
corporate deleveraging
→
decline in asset prices → household deleveraging → increased government debt issuance → prolonged low growth expectations → |
| mainInterestRatePolicy |
quantitative easing
→
zero interest rate policy → |
| monetaryAuthority |
Bank of Japan
→
|
| precededBy |
Japanese economic miracle
→
|
| startTime |
early 1990s
→
|
| studiedIn |
economic history
→
macroeconomics → |
| usedAsCaseStudyFor |
balance sheet recession theory
→
deflationary spiral risk → demographic impact on growth → liquidity trap policy challenges → long‑term effects of asset bubbles → |
Referenced by (4)
| Subject (surface form when different) | Predicate |
|---|---|
|
Lost Decades of Japan
("Japan's Lost Decade")
→
Lost Decades of Japan ("Japan's Lost Decades") → |
alsoKnownAs |
|
Lost Decades of Japan
("Japanese asset price bubble")
→
|
follows |
|
Heisei
→
|
notableEventDuringEra |