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What We Can Learn From Japan February 23, 2009

Posted by tkcollier in Economy & Business.
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“Japan is so dependent on exports that when overseas markets slow down, Japan’s economy teeters on collapse,” said Hideo Kumano, an economist at the Dai-ichi Life Research Institute. “On the surface, Japan looked like it had recovered from its Lost Decade of the 1990s. But Japan in fact entered a second Lost Decade — that of lost consumption.”

via When Consumers Cut Back – A Lesson From Japan – NYTimes.com.

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