Historical Year Data · 1981

Japan Credit-to-GDP Gap in 1981

Japan Credit-to-GDP Gap opened 1981 at -3.2 and closed at 0.1, a +103.13% move for the year. The high of 0.1 was reached on December 31, and the low of -4.4 on June 30.

Open

-3.2

1981-01

0.1

4 data points

High

0.1

Dec 31

Low

-4.4

Jun 30

Full Year Change

+103.13%

1980 Change

+14.81%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.2	-3.2	-3.2	-3.2	+0.00%
Jun	-4.4	-4.4	-4.4	-4.4	+0.00%
Sep	-2.9	-2.9	-2.9	-2.9	+0.00%
Dec	0.1	0.1	0.1	0.1	+0.00%

Events During 1981

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.

Previous Year

← Japan Credit-to-GDP Gap in 1980

Next Year

Japan Credit-to-GDP Gap in 1982→