apan's economy was breathtaking -- rapid growth, innovation, and efficiency like no one had seen. From 1960 to 1990, real per-capital GDP grew by nearly 6%, double the rate of America's.
But then it all stopped. Japan's economy isn't the scene of decline some depict it as, but its growth slowed to a trickle at best.
What happened?
You can write volumes of books analyzing Japan's decline (and some have), but one of the biggest contributors to its stagnation is simple: It got old.
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