By the end of the 1980s, Japan had caught up in technology, productivity and living standards to the advanced economies of the West. After the end of the 1980s boom, economic growth plummeted after the bubble burst in 1991 to an average rate of around 0.7 per cent for the remainder of the 1990s, rising slightly to 0.9 per cent in the first decade of this century. (East Asia Forum)
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