Mutualfundreform.com

From about 1991 to 2001, Japan suffered what is called its “Lost Decade,” as a result of steep declines in housing prices and the stock market. During this period, commercial real estate prices fell by about 87%, accompanied by economic stagnation and deflation.  This period saw the stock market decline by 60% between late-1989 and August 1992.  By 2001, Japan had entered its “lost decade.”