The major difference between Japan's response to the recession of the 1990s and the U.S.'s response to the recession of 2008-2009 was

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The major difference between Japan's response to the recession of the 1990s and the U.S.'s response to the recession of 2008-2009 was that the United States followed a more expansionary monetary policy, which involved lowering interest rates and increasing the money supply to stimulate economic activity. In contrast, Japan's response to its recession was mainly based on structural reforms and included a hesitant and belated adoption of fiscal stimulus packages.

The Major Difference Between Japan's Response to the Recession of the 1990s