restlessfox5 said:Man, when I was a kid, I remember hearing nonstop about how Japan was this unstoppable economic powerhouse. I clearly recall watching all those 80s and early 90s American movies and shows where everyone seemed terrified that Japan was gonna totally outpace the US economy. Then, just like that—poof—that whole vibe basically evaporated.
Plus, I've come across that "lost decade" thing mentioned a few times regarding Japan's economy.
Nowadays, when people talk about massive economic surges, it’s always about China or India, but nobody really mentions Japan anymore. So, if anyone actually knows what went down there, fill me in.
I don't personally know much about the specifics of this matter, but your observations piqued my curiosity, so I went ahead and pulled up an article that provides a rather thorough explanation, at least concerning the concept of the lost decade.
http://www.guardian.co.uk/business/2...30/japan.japan