Historical Year Data · 2003

Japan Credit-to-GDP Gap in 2003

Japan Credit-to-GDP Gap opened 2003 at -26.4 and closed at -27, a -2.27% move for the year. The high of -26.4 was reached on March 31, and the low of -28.6 on September 30.

Open

-26.4

2003-01

-27

4 data points

High

-26.4

Mar 31

Low

-28.6

Sep 30

Full Year Change

-2.27%

2002 Change

+3.41%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-26.4	-26.4	-26.4	-26.4	+0.00%
Jun	-27.9	-27.9	-27.9	-27.9	+0.00%
Sep	-28.6	-28.6	-28.6	-28.6	+0.00%
Dec	-27	-27	-27	-27	+0.00%

Events During 2003

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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