Word: yakushiji
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Dates: during 1990-1999
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...ruling establishment covered one another's bets. In 1992 the bubble burst, the Nikkei stock index lost more than half its value, and Japan plunged into recession. The Liberal Democrats lost their grasp on power, returning a year later in coalitions. "The old corrupt system fell apart," says Taizo Yakushiji, a professor of international politics at Keio University. "So finally we're back to where we were in the early 1970s...
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