Historical Year Data · 1980

Japan Credit-to-GDP Gap in 1980

Japan Credit-to-GDP Gap opened 1980 at -2.7 and closed at -2.3, a +14.81% move for the year. The high of -2.3 was reached on December 31, and the low of -3 on September 30.

Open

-2.7

1980-01

-2.3

4 data points

High

-2.3

Dec 31

Low

-3

Sep 30

Full Year Change

+14.81%

1979 Change

+55.38%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-2.7	-2.7	-2.7	-2.7	+0.00%
Jun	-2.9	-2.9	-2.9	-2.9	+0.00%
Sep	-3	-3	-3	-3	+0.00%
Dec	-2.3	-2.3	-2.3	-2.3	+0.00%

Events During 1980

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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