Japan’s lost decade
Here’s a sobering thought for American homeowners: Japan went through 10 years of continual decline in real estate values in the 1990s. Many economists say there are strong parallels between Japan’s “lost decade” and America’s economy today. The World’s Jason Margolis has the story.
Invest in independent global news
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!