Nikkei Index - 67 Year Historical Chart | MacroTrends

Around the time the Berlin Wall was coming down and Madonna was climbing the music charts, Japan was a powerhouse economy with a soaring stock market to match it. But exactly 25 years ago -- on December 29, , the Nikkei Index peaked at 38, It hasn't come close to that level ever since -- in fact, it currently trades at less than half of that pinnacle.

Everyone thought they could get rich and the good times wouldn't stop.

^N Interactive Stock Chart | Nikkei Stock - Yahoo Finance

The banks gave out too much money without scrutinizing the loans. By the time Japan's Central Bank realized just how bad it was and raised interest rates to try to curb the lending, it was too late. The stock market and economy collapsed. McDonald's to end fry rationing in Japan.

The s have been dubbed the "Lost Decade" in Japan, but the reality is the same could be said for the decade after -- from to What's next for Japan?

There's modest hope for Japan heading into the new year. Prime Minister Shinzo Abe is pushing through reforms on everything from taxes to government spending. Investors are buying the promise of "Abenomics," even though the country's economy is still contracting.

Goverment spending could boost stocks. Merrill Lynch echoed that sentiment in its Outlook: Consider that while the U. Nasdaq nearing 5, again.

Japan's Bubble Economy of the s |

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