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Lost and Foundering? Why we (probably) won't repeat Japan's infamous "lost decade."

"To a growing number of observers, the current recession is beginning to look like something much worse than 1973 or 1981. It shares key hallmarks of the recent Great Stagnation in Japan — the "lost decade" of the 1990s, an economic slump and financial crisis that actually lasted longer than 10 years. The U.S. economy, many fear, may be on the verge of its own lost decade.  The basic outline of Japan’s lost decade is familiar. Japan’s "bubble economy" of the 1980s saw an astronomical run-up in the values of stocks and property. Famously, the land under the Imperial Palace in Tokyo was said to be worth more than the entire state of California...."
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Source: CFO

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