Lost Decades in Japan and an attempt to fight back against recession

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The 10-year period after the Japanese bubble economy collapse in 1991 was called the Lost Decade (失われた十年) because of a long-term recession in Japan. An increasing number of economists now see that it was actually the Lost Decades (失われた三十年) — despite an aggressive economic policies such as Abenomics, the average salary in Japan hasn’t been changed much since 2000.

StatistaJapanSalary2000 2020

Data from Statista (https://www.statista.com/statistics/612513/average-annual-real-wages-japan/)

Fumio Kishida, the new prime minister of Japan, makes it his first priority to reverse this trend.

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