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Why Japan Has Had Near-Zero Interest Rates for Nearly 30 Years

Beginner Investing • 6 min

In the late 1980s, Japanese real estate and stock prices reached levels so extreme that the land under Tokyo's Imperial Palace was reportedly worth more than all the real estate in California. Then the bubble burst, and Japan entered a period of stagnation and deflation that, in various forms, has lasted more than three decades.Deflation — a sustained, general decline in prices — sounds appealing on the surface…

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