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