The missing piece in the puzzle of Japan's lost decades

Japan's average GDP growth rate was around 9.5 per cent between 1955 and 1970, and 3.8 per cent between 1971 and 1990. But in the past two decades it has dropped to just 0.8 per cent a year. This big drop in the growth rate is synonymous with 'Japan's two lost decades'. (East Asia Forum)