<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> The Lost Decade or the Lost 10 Years (失 われ た 十 年, Ushinawareta Jūnen) is a period of economic stagnation in Japan following the Japanese asset price bubble's collapse in late 1991 and early 1992 . The term originally referred to the years from 1991 to 2000, but recently the decade from 2001 to 2010 is often included, so that the whole period is referred to as the Lost Score or the Lost 20 Years (失 われ た 二 十 年, Ushinawareta Nijūnen). Broadly impacting the entire Japanese economy, over the period of 1995 to 2007, GDP fell from $5.33 to $4.36 trillion in nominal terms, real wages fell around 5%, while the country experienced a stagnant price level . While there is some debate on the extent and measurement of Japan's setbacks, the economic effect of the Lost Decade is well established and Japanese policymakers continue to grapple with its consequences . It took longer to recover from the impact of these events because the conditions imposed by the new environment were not favorable to the Japanese management style at that time . </P> <P> Japan's strong economic growth in the second half of the 20th century ended abruptly at the start of the 1990s . In the late 1980s, abnormalities within the Japanese economic system had fueled a speculative asset price bubble of a massive scale . The bubble was caused by the excessive loan growth quotas dictated on the banks by Japan's central bank, the Bank of Japan, through a policy mechanism known as the "window guidance". As economist Paul Krugman explained, "Japan's banks lent more, with less regard for quality of the borrower, than anyone else's . In doing so they helped inflate the bubble economy to grotesque proportions ." </P>

Up until the early part of the 2000’s japan’s economy experienced an extended period of