June 15, 2011

American media worries if it will endure a "lost decade" like Japan

"The American media keeps wondering whether or not the United States will have to endure a "lost decade" of sluggish growth and stagnant employment like the one Japan suffered through after the real-estate bubble burst in the early 1990s. It seems unlikely. The American economy is dynamic while Japan's has always been passive and reactive. "

Source: 'Freeter' drama reflects Japan's income gap
The Japan Times: Sunday, Nov. 21, 2010

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