Geopolitics / Economics – The Japan Fallacy: Today's U.S. Financial Crisis Is Not Like Tokyo's "Lost Decade"

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Foreign Affairs – The Japan Fallacy: Today’s U.S. Financial Crisis Is Not Like Tokyo’s “Lost Decade”

The financial crisis of 2008 need not usher in a replay of Japan’s “lost decade” of the 1990s. The current crisis is the result of correctable policy mistakes rather than deep structural flaws in the economy.