In that sense, the two “lost decades” of economic stagnation in Japan since 1990 may turn out not to be an aberration but a taste of things to come.

However, even though unemployment rates will not be as severe, I still predict that we are in store for a miserable decade of economic stagnation.

On this question depends the success of the recovery, not just from the current calamity, but also from the prolonged stagnation and despair of the last two decades.

Yet in doing so, they are condemning their economy to years of stagnation.

On this question depends the success of the recovery, not just from the current calamity, but also from the prolonged stagnation and despair of the last two decades.