Bank of Japan: Price stability a long-unsolved conundrum for Japan.
As reported by Editorial writer for The Yomiuri Shimbun on July 2, 2022:
“Irrational exuberance” is a phrase widely used to warn about the risks of a bubble-like stock market.
Former U.S. Federal Reserve Chairman Alan Greenspan first used the term at a dinner and lecture in Washington on Dec. 5, 1996. He wanted to sound the alarm over an overheated stock market that could undermine financial markets and economic stability.