GettyAfter World War II, Japan experienced rapid growth as the US and others helped rebuild its economy. It popped in the early 1990s bringing what came to be called the “Lost Decade.” It was really more than a decade, as the early 2000s brought only mild recovery. Describing this decline as “Japanification” may be unfair to Japan, but it’s the best paradigm we have. Japan’s Lost DecadesThe Lost Decade had monetary roots. With little effect from zero rates, the Fed launched QE and continued it despite the limited success and harmful side effects.

Source: Forbes April 18, 2019 14:26 UTC