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Many believe that the very reason for Japan's prolonged malaise was the government imposed stimulus package. Instead of, a shorter, but more painful recovery.
Quote:
Originally Posted by LittleDolphin
Some analysts think our recession/depression will follow Japan's (caused by exactly the same scenario as ours,--real estate bubble, toxic loans, etc.), which lasted more than 10 years...there's one difference in Japan's, though. Their govt. applied stimulus measures much later on, ours applied them early on. The future will see whether our early action will shorten our current economic situation, or ours will drag on for a decade like Japan's. Japan's depression is called "the Lost Decade."
24 years later, Japan's real estate values are still 54% lower than they were at the peak...
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