Japan's central bank raised interest rates for the first time in 17 years, marking a significant event in the country's economic history after experiencing a prolonged period of stagnation. This episode of Planet Money explores Japan's Lost Decades, shedding light on how one of the most advanced economies in the world faced a sudden economic downturn and struggled to recover.
Millennials are facing challenges affording rent in big cities, leading to frustration and financial strain. Real estate experts attribute this to economic downturn, student debt, and high living costs.