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Japan's Lost Decades

2024-04-05 00:00:00 +0000 UTC ·22m 50s ·by NPR
Japan's Lost Decades
Planet Money
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About this episode

Last month, Japan’s central bank raised interest rates for the first time in 17 years. That is a really big deal, because it means that one of the spookiest stories in modern economics might finally have an ending. Back in the 1980s, Japan performed something of an economic miracle. It transformed i