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Mar 11, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Japan’s lost decades — and ours?

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Japan's lost decades — and ours?
Mar 11th 2012, 23:24

Since the financial crisis, a shadow has hovered over the U.S. economy: Japan. Could what happened there happen to us? The issue transcends last year's earthquake. The bursting of Japan's real estate and stock bubble in the early 1990s has had lasting consequences: a "lost decade" (actually, two) of meager growth and weak job markets. Though hardly a depression, Japan's prosperity has been partial and unsatisfying, enjoyed by some and missed by others.

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