RSS Feed

Calendar

March 2024
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Search

Tag Cloud

Archives

The Economist (September 26)

2020/ 09/ 28 by jd in Global News

“The pandemic could lead governments to prolong the life of many undeserving firms. Keeping the growth of the undead in check will be vital to the long-term economic recovery…. Marginally profitable firms were central to Japan’s “lost decade” in the 1990s…. Zombie-infested industries suffered from inert labour markets and lower productivity growth. Since then, the rich world as a whole has begun to look more zombified.”

 

Wall Street Journal (December 23, 2013)

2013/ 12/ 24 by jd in Global News

To avoid the stagnation that has afflicted Japan, the U.S. should embrace immigration reform. Reform could lead to a younger population, innovation and entrepreneurship. “If Japan, a rapidly aging country with famously prohibitive immigration laws, teaches us anything, it is this: If you want to avoid a “lost decade,” open your doors to immigrants.”

 

Washington Post (November 15)

2010/ 11/ 16 by jd in Global News

Columnist Robert J. Samuelson summarizes current thought on Japan. “It’s hard to remember now that in the 1980s Japan had the world’s most–admired economy….Nowadays, all we hear are warnings not to repeat Japan’s mistakes.” Samuelson, however, draws a different lesson from Japan. Many preach the importance (or sometimes danger) of government stimulus. Others point to the dangers of deflation. The key lesson Samuelson draws from Japan is the importance of job creation. “There is no substitute for vigorous private-sector job creation and investment, and that’s been missing in Japan.”

Columnist Robert J. Samuelson summarizes current thought on Japan. “It’s hard to remember now that in the 1980s Japan had the world’s most–admired economy….Nowadays, all we hear are warnings not to repeat Japan’s mistakes.” Samuelson, however, draws a different lesson from Japan. Many preach the importance (or sometimes danger) of government stimulus. Others point to the dangers of deflation. The key lesson Samuelson draws from Japan is the importance of job creation. “There is no substitute for vigorous private-sector job creation and investment, and that’s been missing in Japan.”

 

Los Angeles Times (July 29)Los Angeles Times (July 29)

2010/ 07/ 31 by jd in Global News

Japan is “a bright spot.” While the media often focuses on Japan’s lost decade, Japan is actually “a country from which Americans might learn a thing or two.” Japan has 5% unemployment (versus 10% in the U.S.), universal healthcare (versus 47 million uninsured), low crime (versus high), and Japan’s list of virtues goes on. “Americans should be so lucky as to experience a Japanese-style lost decade.”

Japan is “a bright spot.” While the media often focuses on Japan’s lost decade, Japan is actually “a country from which Americans might learn a thing or two.” Japan has 5% unemployment (versus 10% in the U.S.), universal healthcare (versus 47 million uninsured), low crime (versus high), and Japan’s list of virtues goes on. “Americans should be so lucky as to experience a Japanese-style lost decade.”

 

[archive]