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![TheELongWave Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1212394617020137474.png) The Economic LongWave [@TheELongWave](/creator/twitter/TheELongWave) on x 15K followers
Created: 2025-07-22 16:04:31 UTC

🧵2/4 Japan shows us modern deleveraging. 🇯🇵

After explosive growth to 1997 (~1.25T yen), Japan's private debt plateaued for 15+ years. This is what debt saturation looks like in the 4th Kondratieff wave.

Notice: Not falling like the US 1930s, but STOPPING growth entirely 📈➡️📊

This "lost decades" pattern may be our future template as we approach economic winter ❄️

Japan's tech boom enabled the debt explosion, then creative destruction kicked in - classic Schumpeter dynamics playing out over the long wave

![](https://pbs.twimg.com/media/GweSJp6XIAAimXR.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947689222426554677/c:line.svg)

**Related Topics**
[debt](/topic/debt)
[japan](/topic/japan)

[Post Link](https://x.com/TheELongWave/status/1947689222426554677)