Historical Year Data · 1979

Japan Credit-to-GDP Gap in 1979

Japan Credit-to-GDP Gap opened 1979 at -6.5 and closed at -2.9, a +55.38% move for the year. The high of -2.9 was reached on December 31, and the low of -7.1 on June 30.

Open

-6.5

1979-01

-2.9

4 data points

High

-2.9

Dec 31

Low

-7.1

Jun 30

Full Year Change

+55.38%

1978 Change

+5.56%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-6.5	-6.5	-6.5	-6.5	+0.00%
Jun	-7.1	-7.1	-7.1	-7.1	+0.00%
Sep	-5.4	-5.4	-5.4	-5.4	+0.00%
Dec	-2.9	-2.9	-2.9	-2.9	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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