What Japan's "Lost Decade" teaches us about recessions
What Japan's Lost Decade teaches us about recessions
KAZUHIRO NOGI/AFP via Getty Images
There's an ongoing debate over whether a recession is coming. But what type of recession should we really be worrying about? V-shaped ones are relatively short-lived, but the L-shaped ones? That's when we sound the alarm.
Today we're traveling back to 1990s Japan – an era infamously termed the "Lost Decade" for its slow growth and falling prices – to learn about the lasting scars of recessions shaped, well, not so well.
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