Overhyped, underappreciated
What Japan’s economic experiment can teach the rest of the world
IN THE 1980s Japan was a closely studied example of economic dynamism. In the decades since, it has commanded attention largely for its economic stagnation. After years of falling prices and fitful growth, Japan’s nominal GDP was roughly the same in 2015 as it was 20 years earlier. America’s grew by 134% in the same time period; even Italy’s went up by two-thirds. Now Japan is in the spotlight for a different reason: its attempts at economic resuscitation.
This article appeared in the Leaders section of the print edition under the headline “Overhyped, underappreciated”
From the July 30th 2016 edition
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