[animilius]

http://www.newsweek.com/2010/11/13/s...eaches-us.html

Despite massive stimulus, rapid growth hasn’t resumed two decades later. Although the Japanese reacted slowly, they adopted the advice of economics textbooks. They raised spending, cut taxes, and let budget deficits balloon. Gross government debt soared from 63 percent of the economy’s gross domestic product in 1991 to 101 percent of GDP by 1997. It’s now about 200 percent. The Bank of Japan (its Federal Reserve) cut interest rates, going to zero in 1999—a policy that, with some interruptions, endures.

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A short article, but it is interesting.

Denying the notion that horrible "deflation" that sank Japan, while contrasting their 6 tenths of 1% annual "deflationary" decline with other matters.. Such as debt, stimulus, age and job creation.

[Afigenatjola]

It mentions the run in in Japan's housing market too.. This is a country with a premium on land, naturally.

In Japan, multi-generational mortgages are common.