Comparisons with experiences in the euro area and the United Kingdom also show similarities, despite some differences in degree (Chart 2 and 3 as cited above). Some interesting similarities can be also found in other bubble-related variables.
For example, the pace of decline in real estate prices in the U.S. after its bubble burst was almost the same as in the Japanese case (Chart 4). Despite some differences among countries and regions, overall developments in longterm interest rates were similar (Chart 5). Cross-country similarity was also evident in developments in bank lending (Chart 6).