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What economic conditions caused the large amounts of borrowing in Japan? * The Japanese asset price bubble collapse led to the economic period known as "the lost decade" in Japan from 1991 to 2000. During the 1970s and 1980 Japan's economic growth was particularly strong, fuelling speculation that Japan would rise, effectively, to superpower status. However, abnormalities within the Japanese economic system fuelled massive amounts of speculation from Japanese firms. High property prices combined with low interest rates lead to large amounts of borrowing and heavy investments in domestic and foreign stock. However, the finance ministry realised this was an asset bubble, and subsequently raised interest rates, which in turn caused a crash in the stock market leading to the bursting of the Japanese asset price bubble. O High interest rates, low property prices High interest rates, high property prices O Low interest rates, low property prices O Low interest rates, high property prices