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The 1990s are now being described as the Lost Decade in Japan. For the past 10 years, the Japanese e...

The 1990s are now being described as the Lost Decade in Japan. For the past 10 years, the Japanese economy has effectively stagnated and asset prices, not surprisingly, remain close to their decade lows. The banking system remains mired in a huge non-performing loan problem, while companies continue to struggle to find the cash to service their existing debts. The Government, which started the 1990s with a strong surplus in its budget, is now running huge deficits that threaten its very solvency. In terms of the personal costs of the slump, you only have to walk around the capital's stati...

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