How Japan has fared in 30 years since the stock market bubble burst

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Nostalgia for the good times has been a coping mechanism for the world’s third largest economy

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.

 

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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.

seem to do ok ; eternal life is available thru Jesus ; why not

Economic stagnation... this is where UK post-Brexit is heading

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