In china than in japan, then in china. then in the early 90s, economic disaster, the start of something called the lost decade. it was characterized by what was essentially a zombie economy in japan. not quite dad, but not alive, not growing. caused by a number of factors. essentially, it was a mix of an 80s greed is good mentality coupled with high interest rates. that caused something called stagflation, a stagnant inflation, sort of like a recession, with high inflation. an economic disaster for a developing nation, because the two things must be solved in different ways. , it is difficult ...