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Is Japan the dark economic vision of the future?

Excerpts of article by Martin Fackler, NY Times online.
Few nations in recent history have seen such a striking reversal of economic fortune as Japan. The original Asian success story, Japan rode one of the great speculative stock and property bubbles of all time in the 1980s to become the first Asian country to challenge the long dominance of the West.

Now, as the United States and other Western nations struggle to recover from a debt and property bubble of their own, a growing number of economists are pointing to Japan as a dark vision of the future.
See link to full article: http://www.nytimes.com/2010/10/17/world/asia/17japan.html?src=ISMR_AP_LO_MST_FB

 
tasches

Asked by tasches at 6:17 PM on Oct. 19, 2010 in Money & Work

Level 48 (298,202 Credits)
This question is closed.
Answers (3)
  • A "dark future" is a little dramatic. All super powers go through a life cycle. The US is right now in the decline stage. We were already in that stage a decade ago when I took a poly sci class.
    HotMama330

    Answer by HotMama330 at 1:40 PM on Oct. 20, 2010

  • This is an interesting thought. I'm not sure what I think of it yet.
    _Tam_

    Answer by _Tam_ at 9:24 AM on Oct. 20, 2010

  • Helping you out in making the article linkable.  ;-)


    http://www.nytimes.com/2010/10/17/world/asia/17japan.html?src=ISMR_AP_LO_MST_FB

    musicmom08

    Answer by musicmom08 at 9:24 AM on Oct. 20, 2010

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