Turning Japanese?

... the United States, the world's largest economy can still learns lessons from historical financial troubles of Japan, the world's second-largest economy. Japan experienced almost a decade of economic stagnation, coupled with crippling deflation, in which a general decline in prices discourages investment and spending, slowing down economic growth and resulting in higher unemployment. David M. Rubenstein, the cofounder and managing director of the ... Full Story »

Posted by Kaizar Campwala
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Posted by: Posted by Kaizar Campwala - Oct 22, 2008 - 7:20 AM PDT
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Edited by: Kaizar Campwala - Oct 22, 2008 - 7:20 AM PDT

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Derek Hawkins
3.9
by Derek Hawkins - Oct. 22, 2008

I've been continually surprised at how little comparison there has been these past few months between the current U.S. economic crisis and the similar slowdown Japan experienced in the 1990s. I remember a couple years ago economists -- I remember Paul Krugman in particular -- were saying our housing bubble would eventually burst, just like Japan's. Reflecting on that, I find this article to be a reasonable and accurate analysis of both countries' economic downturns. It's well explained, with good examples and experts, and offers us a look at how the United States might recover.

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Megan P Stanphill
4.1
by Megan P Stanphill - Oct. 22, 2008

Writer Jayshree Bajoria knows the economic history of Japan and the United States pretty well. It seems as though he researched and took the time to write this story. That is definitely quality journalism. Two thumbs up!

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Jeff Mosier
3.2
by Jeff Mosier - Oct. 22, 2008

It is a decent article about how a similar economic situation happened in Japan 20 years ago and how we are handling the situation differently. I don't think it was well-sourced to add confidence to the piece. It was also quite brief, but I did get the point. I just don't believe the article convinced me that there is much connection between the two situations. It's not a bad story by any means. It's fine, but it didn't open my eyes to anything I hadn't already heard.

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