The run-up in our economy and markets into 1929 and the runup in Japan’s economy (as well as the Nikkei) both had their similarities. However, the implosion of each economy and stock market followed different paths. The Dow dropped almost 90% in a matter of 2 years whereas the Nikkei has dropped 80% from the 1990 high, but their implosion is going on 18 years now.
From an economics/fundamental standpoint what were the differences between how these two governments inflated their economies/markets and how they reacted to stem the declines? I look forward to any opinions. Thank you.