Thus, the Japanese economy’s potential annual growth rate slowed by roughly an additional two percentage points at the beginning of the 1990’s, as the post-WWII development model lost its steam. It was largely a fluke that this growth slowdown coincided with an asset-bubble collapse and a cyclical depression – one that caused Japanese output to shrink by about 10% in a few short years, followed by only a slow recovery to the new, lower potential growth rate.
因此，20世纪90年代初，随着二战后时代发展模式失去动力，日本经济的潜在年增长率又降低了两个百分点。不幸的是，这一增长放缓正好赶上了资产泡沫崩溃和周期性萧条，导致日本产出在短短几年收缩了约10%，随之而来的漫长的新的低潜在增长复苏之路。