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With the current global financial crisis, there is much talk in the international economic communities about how to prevent the kind of prolonged slump that hit Japan after the end of the bubble economy years.

The period between roughly 1985 and 1990 was a time of unparalleled prosperity in Japan. But it was also a gilded age defined by opulence, corruption, extravagance and waste. When the bubble economy years ended, Japan entered a prolonged slump from which it has yet to fully recover.

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