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How Japan's Lost Decade unfolded after the 1989 real estate crash & economic consequences
How Tokyo Became Worth More Than America Explore the pivotal moment of Japan's Lost Decade, triggered when interest rates were raised in late 1989 to cool a booming economy. Instead of a soft landing, this decision led to a catastrophic collapse that wiped out half the Nikkei stock index's value and initiated a sharp decline in real estate ...
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