<P> The Lost Decade or the Lost 10 Years ( 失 われ た 十 年 , Ushinawareta Jūnen ) is a period of economic stagnation in Japan following the Japanese asset price bubble 's collapse in late 1991 and early 1992 . The term originally referred to the years from 1991 to 2000 , but recently the decade from 2001 to 2010 is often included , so that the whole period is referred to as the Lost Score or the Lost 20 Years ( 失 われ た 二 十 年 , Ushinawareta Nijūnen ) . Broadly impacting the entire Japanese economy , over the period of 1995 to 2007 , GDP fell from $5.33 to $4.36 trillion in nominal terms , real wages fell around 5 % , while the country experienced a stagnant price level . While there is some debate on the extent and measurement of Japan 's setbacks , the economic effect of the Lost Decade is well established and Japanese policymakers continue to grapple with its consequences . It took longer to recover from the impact of these events because the conditions imposed by the new environment were not favorable to the Japanese management style at that time . </P>
up until the early part of the 2000 's japan 's economy experienced an extended period of
economic stagnation