Historical Year Data · 1991

Japan Credit-to-GDP Gap in 1991

Japan Credit-to-GDP Gap opened 1991 at 15.1 and closed at 10.6, a -29.80% move for the year. The high of 15.1 was reached on March 31, and the low of 10.6 on September 30.

Open

15.1

1991-01

10.6

4 data points

High

15.1

Mar 31

Low

10.6

Sep 30

Full Year Change

-29.80%

1990 Change

-19.75%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	15.1	15.1	15.1	15.1	+0.00%
Jun	12.2	12.2	12.2	12.2	+0.00%
Sep	10.6	10.6	10.6	10.6	+0.00%
Dec	10.6	10.6	10.6	10.6	+0.00%

Events During 1991

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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