Wall Street Journal (January 9)
China drifting “closer to its own lost decade…. The Japanification of China still isn’t inevitable. But it’s more than five years since the property correction began. Absent a dramatic rethink in Beijing, China’s hopes of avoiding a lost decade are fading rapidly.”
Tags: Beijing, China, Drifting, Fading, Five years, Inevitable, Japanification, Lost decade, Property correction, Rethink
The Hill (April 22)
“Anyone doubting that China is well on its way to a Japanese-style lost economic decade has apparently missed the bursting of its massive housing and credit market bubble and the souring of U.S. and European trade relations with that country.” Make no mistake, China’s fall “would constitute a major headwind for world economic recovery.”
Tags: Bubble, Bursting, China, Credit market, Europe, Fall, Headwind, Housing, Japan, Lost decade, Trade relations, U.S., World
The Economist (September 26)
“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.”
Tags: Economic recovery, Governments, Growth, Inert, Japan, Labour markets, Lost decade, Pandemic, Productivity, Profitable, Undeserving, Zombie, Zombified
Wall Street Journal (December 23, 2013)
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.”
Tags: Aging, Entrepreneurship, Immigrants, Immigration, Innovation, Japan, Laws, Lost decade, Population, Reform, Stagnation, U.S.
Washington Post (November 15)
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.”
Tags: Deficit spending, Deflation, Japan, Job creation, Lost decade, Stimulus
Los Angeles Times (July 29)Los Angeles Times (July 29)
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.”
Tags: Healthcare, Japan, Lost decade, Unemployment
