7. Japanese Asset Price Bubble (1991)
Between 1986 and 1991, Japan experienced a significant economic bubble characterized by soaring real estate and stock market prices. The Nikkei 225 stock index peaked at 38,915.87 on December 29, 1989, reflecting a sixfold increase over the decade. However, by early 1992, the bubble burst, leading to a prolonged economic stagnation known as the “Lost Decade.” This period was marked by deflation, low economic growth, and a significant accumulation of bad debts. (en.wikipedia.org)
