9  Japan's Economy and Monetary Policy Speech at a Meeting with Business Leaders in Nagoya  November 6, 2017 Haruhiko Kuroda Governor of the Bank of Japan  Chart 1  Economic Recovery in Japan 540  s.a., ann., tril.
yen  Length of Economic Recovery Period  Output Gap  Real GDP 4  %  Rank  Period  Length  1  February 2002February 2008  73 months  2  November 1965July 1970 (Izanagi Boom )  57 months  3  December 1986February 1991 (Bubble Boom )  51 months  4  November 1993May 1997  43 months  Current  December 2012-  530 2  520 510  0  500 -2  490 480  -4  470 -6  460  58 months (as of September 2017)  -8 450 CY00 02 04 06 08 10 12 14 16 17 CY 00 02 04 06 08 10 12 14 16 17 Notes: 1.