8 years ago
2
There's no end in sight for Japan's 25-year depression
In the early 2000s, the phrase "lost decade" began to be applied to Japan's economic performance during the 1990s. The lost decade started with the popping of one of the greatest stock-market bubbles in history. Japan's Nikkei 225 Index hit an all-time high of 38,916 in December 1989, and then began a sickening 80% crash to a low of 7,831 in April 2003.
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All industrialized nations have felt the impact of globalization, and will continue to do so as long as cheap labor markets are available. There seems no end of them in the foreseeable future. Transportation of goods is no longer a major financial factor.
Yep, and with the dawn of large scale automation sweeping factories, the transportation and service industries it's only going to get worse.