You have a point, for sure; the _whole_ previous century (couple centuries, even) of Japan economical history is one-of-a-kind (as is Argentina’s). However, wt

You have a point, for sure; the _whole_ previous century (couple centuries, even) of Japan economical history is one-of-a-kind (as is Argentina’s). However, wtr. “lost decades are quite easy to understand with conventional economics”: that’s more debatable. For example, stagflation is common(ly explained), but stag-deflation (as in Japan) is more unusual and has weirder effects. The US subprime crisis was also a real estate bubble (which, here also, rippled to the financial markets), but its burst had quite different fallouts. Anyway, thanks for adding to the discussion, and disclaimer: IANAE (I Am Not An Economist — thanks God ^^)