The Lost Decade

The "Lost Decade" refers to a period of economic stagnation lasting roughly ten years, often associated with Japan’s economy from the early 1990s to early 2000s. During this time, Japan experienced slow growth, falling asset prices, and challenges like deflation and high debt levels. Despite efforts to stimulate the economy, growth remained subdued, leading to prolonged economic difficulties. The term can also apply to other countries facing similar extended periods of low growth and economic struggles. It highlights how economic recoveries can sometimes be delayed or hindered by systemic issues and policy challenges.