Identify the lessons learned from japans lost decade

Reference no: EM13206140

From 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." While the Japanese economy outgrew this period, it did so at a pace that was much slower than other industrialized nations. During this period, the Japanese economy suffered from both a credit crunch and a liquidity trap.

Identify the lessons learned from Japan's Lost Decade and discuss their relevance to the US economic situation in 2008-2009.

Reference no: EM13206140

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