Kayla Colendich Within the “lost decade,” Japan’s economy took a sudden collapse much similar to the United States early twenty first century economy. In Japan, in the early 1990’s, “sluggishness persisted,” spiraling the nation downward. Before the 1990’s, stock prices and real estate soared, creating economic stability. In the turn of the next decade, the economy busted, along with an asset price boom, enhancing a price collapse and an economic downturn. Immediately following, banks issued bad loans, creating chaos and trouble within the banking system. People’s wealth quickly reduced, producing times of economic panic within the common households.          After surviving the housing bubble in the United States, in the early 2000’s, and Japan’s 1990’s catastrophes, economists have come to the conclusion that similarities were much present in both crises. When dealing with the fiscal policy, the response in both cases was very similar. The rush of government debt, enlarged government spending, and enormous budget deficits were the immediate action taken within the fiscal policy. Also, in the reading, Lessons from Japan and Canada, states, “The elderly population increased substantially in Japan during the 1990s, and the same thing will happen in the United States in the decade ahead.” This was a large reason of why productivity and income growth rapidly slowed down.          On the other side of the table, when economists analyzed the monetary policy, they identified differences in the U.S. and Japan’s disasters. Japan, being a large, productive, and structured environment, was much more restrictive during the 90’s decade, when dealing with the monetary policy. On the contrary, the U.S. was far from restrictive, and in fact, was very expansionary. The U.S. actions were proven expansive, due to the steps taken from the Federal Reserve. Restrictive vs. expansionary monetary policy changes the economy experience in the future decades ahead. Work Cited “T6 Japan and Canada.pdf.” Google Drive, Google, drive.google.com. Accessed 24 July 2017. Michael Mullins The U.S. has a chance to not make the same mistake Japan made in the 1990’s. Very similar to the U.S. economy in the early 21st century the Japanese economy went through a large boom in the late 1980’s. In Japan the real estate and stock prices soared in the 1980’s, similar to how he housing prices in the U.S. soared between 2001-2005. This surge in the Japanese economy created great optimism about their economy going forward. The rising incomes generated strong demand for both commercial real estate and business shares. The real estate market busted in 1990 and this produced a sharp downturn in economic growth. When the real estate assets collapsed it took down both the purchasers and the institutions handing out the loans. The Japanese government tried to fix the problem by increasing government spending, running a large budget deficit but it did not fix the problem. This spending led t ...

1. Kayla Colendich
Within the “lost decade,” Japan’s economy took a sudden
collapse much similar to the United States early twenty first
century economy. In Japan, in the early 1990’s, “sluggishness
persisted,” spiraling the nation downward. Before the 1990’s,
stock prices and real estate soared, creating economic stability.
In the turn of the next decade, the economy busted, along with
an asset price boom, enhancing a price collapse and an
economic downturn. Immediately following, banks issued bad
loans, creating chaos and trouble within the banking system.
People’s wealth quickly reduced, producing times of economic
panic within the common households.
After surviving the housing bubble in the United States,
in the early 2000’s, and Japan’s 1990’s catastrophes,
economists have come to the conclusion that similarities were
much present in both crises. When dealing with the fiscal
policy, the response in both cases was very similar. The rush of
government debt, enlarged government spending, and enormous
budget deficits were the immediate action taken within the
fiscal policy. Also, in the reading, Lessons from Japan and
Canada, states, “The elderly population increased substantially
in Japan during the 1990s, and the same thing will happen in the
United States in the decade ahead.” This was a large reason of
why productivity and income growth rapidly slowed down.
On the other side of the table, when economists analyzed
the monetary policy, they identified differences in the U.S. and
Japan’s disasters. Japan, being a large, productive, and
structured environment, was much more restrictive during the
90’s decade, when dealing with the monetary policy. On the
contrary, the U.S. was far from restrictive, and in fact, was very
expansionary. The U.S. actions were proven expansive, due to
the steps taken from the Federal Reserve. Restrictive vs.
expansionary monetary policy changes the economy experience

2. in the future decades ahead.
Work Cited
“T6 Japan and Canada.pdf.” Google Drive, Google,
drive.google.com. Accessed 24 July 2017.
Michael Mullins
The U.S. has a chance to not make the same mistake Japan made
in the 1990’s. Very similar to the U.S. economy in the early
21st century the Japanese economy went through a large boom
in the late 1980’s. In Japan the real estate and stock prices
soared in the 1980’s, similar to how he housing prices in the
U.S. soared between 2001-2005. This surge in the Japanese
economy created great optimism about their economy going
forward. The rising incomes generated strong demand for both
commercial real estate and business shares.
The real estate market busted in 1990 and this produced a sharp
downturn in economic growth. When the real estate assets
collapsed it took down both the purchasers and the institutions
handing out the loans. The Japanese government tried to fix the
problem by increasing government spending, running a large
budget deficit but it did not fix the problem. This spending led
to higher interest rates, increased future taxes and changes in
the structure of demand. Japanese policy-makers thought they
were creating an expansionary monetary policy but they were
creating a highly restrictive one. This can be seen through the
reduction of the money supply.
There are many similarities between Japan's situation in the
1990’s and the U.S. situation in the first decade of the 21st
century. not only was there a boom in both economies,
particularly in the real estate market, there was also an increase
in the elderly population. This increase can and will lead to
increased government spending to help fund the retirement
benefits and health care. Also, since more of the population is
retired and not working, productivity will decrease. These

3. factors will slow the economic growth.
The U.S. can learn what not to do by looking at what happened
during Japan’s “lost decade.” The increase in housing prices
brought upon bad investments and excess capacity, just like in
Japan they will most likely not rebound quickly here. Also,
Japan tried to generate stability by adopting stimulus packages
designed to enhance economic growth. They were unsuccessful
and likely would be unsuccessful in the U.S. in generating
sustainable recovery. Lastly, a restrictive monetary policy could
throw the economy back into a recession but the expansionary
monetary policy of the U.S., all though it may promote a
stronger economy, could lead to future economic instability.
Works Cited
“T6 Japan and Canada.pdf”. Google Drive, Google,
drive.google.com. Accessed 25 July 2017.
Grading Rubric for Discussion Posts
Outstanding Good Average Limited Flawed
100-90 points 89-80 points 79-70 points 69-60 points 59 or
below
30 to 27 27 to 24 24 to 21 21 to 18 18 >
Demonstrates
Careful Reading &
Inquiry in Subject
(30 pts)

4. Clear that the
readings were
understood
Post shows that
material was read
Post relies primarily
on summary. Lacks
support
Post suggests
assignment was
scanned but not read
thoroughly.
Post gives little
indication that the
assignment was read
Post shows serious
contemplation of
material.
Addresses some the
components
Rehashes ideas from
other posts.
Post is not relevant
to questions or
discussions.
Shows original
thought that goes

5. beyond the obvious
All components are
discussed
20 to 18 18 to 16 16 to 14 14 to 12 12 >
Responsibly cited;
offers examples (20
pts)
Quotes used support
students point
(proves it)
Quotes used support
students point
(proves it)
Too few examples;
relies mostly on
generalization
Paraphrase
dominates post.
No quotes are used.
Quote choices are
well chosen and from
multiple places
Quotes are
somewhat
predictable
Quotes do no
effectively support

6. ideas
Quotes used are not
integrated.
Evidence is flimsy.
Citations are
integrated well (not
just dropped in).
Quotes are not well
integrated into
discussion.
Quotes are poorly
integrated.
Quotes do not make
sense as support or is
out of context.
Uses all class
materials to support
ideas.
20 to 18 18 to 16 16 to 14 14 to 12 12 >
Quality of Prose (20 pts)
Post is clear and
articulate.
Contains minor errors
that don’t cloud

7. meaning.
Contains
proofreading errors.
Post is sloppy. Uses
text messaging
shortcuts; hard for
readers to follow.
No quotes are used.
It contains correct
grammar, spelling
and punctuation.
Contains some
grammar, spelling
&/or punctuation
errors.
Contains
documentation &/or
citation errors.
Fails to use correct
grammar,
capitalization or
punctuation.
Textual evidence
(even paraphrased) is
flimsy.
Quotes are properly
cited.

8. Dictation is ordinary.
Contains may
documentation
errors.
30 to 27 27 to 24 24 to 21 21 to 18 18 >
Engagement of
others (30 pts)
Shows concerted and
honest effort to
engage with others.
Shows attention to
other posts in the
thread.
Offers little
interaction with
other posts in thread.
Does not
acknowledge other
posts.
Ignores other posts in
thread.
Responds to ideas in
a way that advances
the discussion.
Incorporates and
acknowledges ideas
of others in attempt

9. to advance the
discussion. (perhaps
in predictable ways)
Mostly summarizes
what others have
said without adding
to discussion.
Misrepresents
content of other
posts.
Does not engage with
others.
Less then the
minimum number of
postings (original & 1
reply).
Only has original
post.
Replies to others
posts only (no
Original post).
Sheet1