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Please try!, thanks ! The economy of Japan is widely considered to have had a lost decade starting in about 1991. GDP per capita had
Please try!, thanks !
The economy of Japan is widely considered to have had a "lost decade" starting in about 1991. GDP per capita had increased by about 50% in the 10 years leading up to 1990, but only increased by about 6% in the 10 years beginning in 1991 (see the solid blue line in the graph1 below). But when we look at GDP per hour worked, we see a different picture - roughly the same pattern as GDP per capita before 1991, but a much less pronounced slowdown afterwards.
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