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What Really Happened During Japan’s Lost Decade Post Content: Back in the 1980s Japan's economy was on fire property prices were crazy high the stock market was booming and many believed Japan would soon overtake the US. But in the early 1990s everything changed. The bubble burst property and stock prices crashed people stopped spending. Banks were in trouble. And for the next 10+ years Japan’s economy barely moved. This long slowdown is now called the "Lost Decade" But in reality the effects lasted much longer. Interest rates were kept near zero, but it didn’t help much. Prices kept falling. Growth was stuck. And even today, Japan is still dealing with some of the after effects. The whole thing is a reminder that when prices rise too fast and policies don't change on time even a strong economy can get stuck for years. It’s one of the biggest economic lessons of our time.
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India has just become the world’s 4th largest economy, overtaking Japan. Our GDP is now reaching around $4.19 trillion according to the latest IMF data. This is a huge achievement, especially since India’s economy has doubled in the last decade "fr
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