According to IMF data,the Japanese slump of the 1990s was the result of

Question

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The Japanese slump of the 1990s was the result of both a recessionary gap and a slowdown in the growth of potential output. A recessionary gap occurred when aggregate demand was lower than potential GDP, leading to a decline in production and employment. Meanwhile, the slowdown in the growth of potential output reflected the structural issues in the Japanese economy, such as an aging population and inefficient corporate governance, which hindered its long-term growth prospects.

According to IMF Data,the Japanese Slump of the 1990s Was