"Japan's 30-Year Economic Slump: A Planet Money Analysis"

Japan's once vibrant economy experienced a sudden halt in the early 1990s, leading to decades of economic stagnation. The recent decision by Japan's central bank to raise interest rates for the first time in 17 years signifies a potential turning point in this unnerving story. Once one of the fastest growing countries, Japan's predicament has changed our understanding of modern economies and provided new tools to address such challenges.