Japan's economy has been stagnant for nearly three decades, with little change in salaries, prices, or interest rates.

• For about 30 years, Japan's economy has been frozen with stable prices and low interest rates.
• Older generations like pensioner Tomo and real estate agent Suaka witnessed economic fluctuations.

The Bank of Japan raised interest rates, ending a long-standing negative interest rate policy.

• The Bank of Japan raised interest rates for the first time since 2007, moving away from negative rates.
• This marks the end of a major economic experiment in Japan.

Japan experienced significant economic growth after World War II, known as the 'economic miracle'.

• From the 1960s to the early 1970s, Japan's economy grew rapidly, driven by domestic demand and expanding middle-class households.
• By the late 1980s, Japan accounted for about 10% of the world economy.

Japan's economy faced a bubble in the late 1980s with soaring stock and real estate prices, followed by a bust.

• Reckless spending and speculation inflated stock and real estate prices to record highs.
• The Bank of Japan raised interest rates in 1989, causing a market crash and a prolonged economic downturn.

Japan experienced decades of deflation, with stagnant wages and inflation, leading to an economy without growth.

• The Japanese economy halted, leading to decades without wage growth or inflation.
• Japanese people grew accustomed to stable prices, with no inflation impacting their purchasing decisions.

The Bank of Japan employed various monetary strategies to combat deflation, including unconventional measures.

• The Bank of Japan introduced quantitative and qualitative easing, and later negative interest rates, to stimulate the economy.
• Adopting yield curve control allowed for managing both short-term and long-term interest rates.

In response to inflation driven by external factors, Japan ended its negative interest rate policy.

• Japan's inflation finally reached its 2% target, primarily due to external factors like the Ukraine war and a weak Yen.
• The Bank of Japan ended negative interest rates, raising them for the first time in 17 years.

The end of negative interest rates in Japan has several economic implications for households, businesses, and the government.

• Mortgages will become more expensive, and the cost of Japan's national debt will rise.
• A stronger Yen could impact tourism and exports, while potentially attracting more investment.