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Japan - lessons of the lost decade

What lessons can be learnt from Japan's 10-year economic downturn?

What lessons can be learnt from Japan's 10-year economic downturn? Japan's huge property boom of the 1980s was followed by an extraordinarily bleak ten years of stagnation and deflation. Peter Day reports from Tokyo and asks what the West can learn from the Japanese experience, and where Japan has got to now.

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