Rethinking Japan’s “Lost Decades” by Peter St. Onge, Ludwig von Mises Institute One of the great economic myths of our time is Japan’s “lost decades.” As Japan doubles-down on inflationary stimulus, it’s worth reviewing the facts. The truth is that the Japanese and US economies have performed in lock-step since 2000, and their performances have matched each other going as far back as 1980. Either Japan’s not in crisis, or the US has been in crisis for a good thirty-five years. You can’t have it both ways. Here’s a chart of per capita real GDP for both Japan and the US…
The Economic Myth Of Japan’s “Lost Decades”
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