In 1991, economists were predicting that Japan would overtake the United States as the world’s largest economy by 2010. In fact, Japan’s economy remains the same size it was then: a gross domestic product of $5.7 trillion at current exchange rates.
The NIKKEI Japanese stock exchange is now just a quarter of its value in 1989, and in real estate, where the average price of a home is the same as it was in 1983.
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