Time (July 27)
2010/ 07/ 27 by jd in Global News
The outlook for Japan is “clouded.” Time examines Japan’s 20-year funk and the current atmosphere of “suffocating hopelessness,” remarking that “Japan seems to be on the wrong continent.” While the rest of Asia races ahead energetically, Japan stands still. There are some bright spots, but no clear fix to reenergize Japan. The “clouded” outlook is especially relevant to the U.S. and Western Europe where similar issues, including government debt and graying populations, are expected to arise.
