Definition of Lost decade:
The period roughly between the early 1990s and 2000s when Japans economic expansion came to a total halt and the Japanese real estate and stock market crashed. There was an immediate debt crisis, defaulted loans abounded, banks had to be bailed out by the government, and land values slumped.
The Lost Decade is commonly used to describe the decade of the 1990s in Japan, a period of economic stagnation which became one of the longest-running economic crises in recorded history.
The Lost Decade is a term initially coined to refer to the decade-long economic crisis in Japan during the 1990s. Japan’s economy rose meteorically following World War II, peaking in the 1980s with the largest per capita GNP in the world. This rise led to increased speculation and soaring stock market and real estate valuations.
How to use Lost decade in a sentence?
- Within the US economy, the first decade of the 21st century, which was bookended by two stock market crashes, is often compared to Japan's Lost Decade.
- The Lost Decade refers to an extended period of slowdown, lasting almost ten years, in Japan's economy during the 1990s.
- Misguided government policies after a real estate bubble are considered to be the main culprits for the Lost Decade.
Meaning of Lost decade & Lost decade Definition