Why Japan's Stock Market Hasn't Grown In 33 Years

Sources:
https://fred.stlouisfed.org/series/QJPN628BIS

https://tradingeconomics.com/japan/gdp

https://www.afrugaldoctor.com/home/japans-lost-decades-30-years-of-negative-returns-from-the-nikkei-225

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https://tradingeconomics.com/united-states/inflation-cpi

https://fred.stlouisfed.org/series/FEDFUNDS

https://www.multpl.com/s-p-500-pe-ratio

https://thediplomat.com/2022/01/japans-self-destructive-immigration-policy/

https://en.wikipedia.org/wiki/Japanese_asset_price_bubble#Asset_prices

https://tradingeconomics.com/japan/interest-rate

https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

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https://www.migrationpolicy.org/programs/data-hub/charts/immigrant-population-over-time