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About: 1980s in Japan     Goto   Sponge   NotDistinct   Permalink

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In Japan during the 1980s, the economy was in a boom where buyers found themselves paying the highest prices for goods and commodities. As of March 1980, the unemployment rate in Japan was 4.9%; a very low number compared to the unemployment rate during the height of the 1990s. The following decade would see Japan's economy decline substantially, giving rise to the name the Lost Decade.