Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation - until around 2015.
I question if Japanese officials really know how to avoid it either. Their politics isn’t know for it’s hard-edged rationalism, and last I checked their economic growth stats are still shit.
I question if Japanese officials really know how to avoid it either. Their politics isn’t know for it’s hard-edged rationalism, and last I checked their economic growth stats are still shit.