The record of such predictions has not been perfect. For example, in the 1980s, some commentators thought Japan would become a superpower due to its large GDP and high economic growth at the time.time.com 1988 article "Japan From Superrich To Superpower" However, Japan's economy crashed in 1991, creating a long period of economic slump in the country which has become known as the Lost Decades.
The record of such predictions has not been perfect For example, in the 1980s, some commentators thought Japan would become a superpower due to its large GDP and high economic growth at the time.time.com 1988 article "Japan From Superrich To Superpower" However, Japan's economy crashed in 1991 creating a long period of economic slump in the country which has become known as the Lost Decades.