Japan's troubles cast a global shadow - but the reaction was overdone: ALEX BRUMMER
![Japan's troubles cast a global shadow - but the reaction was overdone: ALEX BRUMMER](https://i.dailymail.co.uk/1s/2024/08/06/18/88227731-0-image-m-3_1722966557471.jpg)
In the early 1990s UK interest rates rose to phenomenal levels as John Major's government sought to shadow the German market.
In the early 1990s UK interest rates rose to phenomenal levels as John Major's government sought to shadow the German market.