On 29 December 1989, Japan’s Nikkei stock market index hit a high of 38,916, a milestone that proved to be the last hurrah of the country’s asset-inflated bubble economy – a period of ostentatious consumption and overconfidence in the infallibility of Japan, Inc.
WhitefordPeter What Japan lost in the 1989 real estate bubble burst was much more telling than its stock market crunch, setting it upon its 30 years of zombiedom.
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Economic stagnation... this is where UK post-Brexit is heading
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