gnat + japan + finance   1

Economics focus | Lessons from a “lost decade” |
The parallels between America's financial crash and Japan's are greater than you might think. Both had crazy property markets; Japan had a stock market meltdown while USA has the financial industry; both cut interest rates. Japan was afflicted by deflation, which hasn't happened in the USA because of inflation (um, yay?). I agree with the think-tank member quoted, who says that Japan should have cleaned up its financial system if it wanted an economic recovery. The same is true of the USA, IMHO.
finance  economics  japan  usa 
august 2008 by gnat

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