“失去的岁月”1989年,资产泡沫的不断膨胀终于使日本政府感受到了压力,日本银行决定改变货币政策方向。1989年5月至1990年8月,经过五次上调后中央银行贴现率从2.5%升至6%,日本大藏省要求所有金融机构控制不动产贷款,日本银行要求所有 “Lost years ” In 1989, the continuous expansion of the asset bubble finally felt the Japanese government feel the pressure, the Bank of Japan decided to change the direction of monetary policy. From May 1989 to August 1990, after five increases, the central bank’s discount rate rose from 2.5% to 6%. Japan’s Ministry of Finance asked all financial institutions to control real estate loans. The Bank of Japan requires all