In the late '80s, Japan's economy was booming, second only to the United States. Real estate and stock market prices were soaring, but as history often teaches us, what goes up must come down. In the '90s, Japan's economic bubble burst, leading to a devastating recession. It marked the beginning of Japan's "Lost Decade." To kickstart the economy, the Bank of Japan decided to lower interest rates, encouraging borrowing and spending. Yet, even with these low rates, the Japanese economy was still struggling. Ordinary people saw little return on …
Continue Reading about Mrs. Watanabe: How Ordinary Japanese Housewives Shook the World of Finance →