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Retrieving "Interest Rates" from the archives

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  1. Japanese Economic History

    Linked via "interest rates"

    The Bubble Economy (1985–1991)
    The Plaza Accord of 1985 led to dramatic yen appreciation. In response, the Bank of Japan maintained extremely low interest rates, triggering massive asset price inflation. Stock prices and real estate values soared to unprecedented levels, particularly in Tokyo and other major cities.
    The Nikkei 225 Index reached a historic peak of 38,957 in December 1989. Real estate valuat…