Since Japan has experienced this since the 1990s, the term "Japanification" has been used in the context of warning not to follow in Japan's footsteps.5 Chart 13 shows developments in Japan's GDP since 1990 from various perspectives in comparison with other advanced economies. We find the following three points.
Christine Lagarde: ECB press conference - introductory statement Introductory statement by Ms Christine Lagarde, President of the European Central Bank, and Mr Luis de Guindos, Vice-President of the European Central Bank, Frankfurt am Main, 10 December 2020. * * * Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference.