Fairy tales of yonder years ...

The BBC notes the 20-year anniversary of the Nikkei stock market index reaching an all-time high of 38,957 back on December 29th, 1989.

"The index now trades at about quarter of that value. In other words, it has lost about 73%, closing at 10,638 on Tuesday.

Back in 1989, Japan's growth was seen as unstoppable, with some analysts expecting the Nikkei to reach 100,000."

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