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.