Monday, October 18, 2010

The Great Deflation - Japan Goes From Dynamic to Disheartened - NYTimes.com

Link

I was never one who bought into the idea that Japan was going to replace the US as the powerhouse economy of the world. I do not think China is going to be able to do it, either, despite huge manpower advantages over much of the world. All of that said, I never thought that Japan's economy would, essentially, implode.

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