lost two decades; Japan's economic stagnation from the early 1990s
Refers to the period of prolonged economic stagnation in Japan that began around 1991 after the asset price bubble burst. Often contrasted with 失われた３０年.
See also: 失われた３０年
The Japanese economy experienced a prolonged stagnation known as the 'lost two decades'.
During the lost two decades, many companies lost their international competitiveness.
Extends the stagnation period to three decades, often used in later economic discourse to emphasize the prolonged nature of Japan's economic woes.
Standard modern spelling using Arabic numerals.
Kanji numeral variant; less common but still seen.
Coined in Japanese economic discourse, combining 失われた (lost) with ２０年 (twenty years). The phrase gained currency in the early 2000s to describe Japan's post-bubble economic stagnation.