The situation in Japan in the late 1990s to early 2000s was such that

Question

Quizplus · Accepted Answer

In the late 1990s to early 2000s, Japan experienced a period of economic stagnation and deflation known as the "Lost Decade." During this time, the Bank of Japan lowered short-term interest rates to near-zero levels in an attempt to stimulate spending and investment. However, these measures were largely unsuccessful in reviving the economy, as consumers and businesses continued to save rather than spend, partly due to concerns about the future.

The Situation in Japan in the Late 1990s to Early