1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar, the 1991st year of the Common Era (CE) and Anno Domini (AD) designations, the 991st year of the 2nd millennium, the 91st year of the 20th century, and the 2nd year of the 1990s decade. The Japanese asset price bubble burst this year, leading to the Lost Years and a permanently stagnated (though still prosperous) Japanese economy.