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Similar Economic Crisis for Japan and US

 

Question: What can we learn from the Japanese experience? Is the US headed for a ‘lost decade?

 

Summary:The similarities in the recent meltdown of economies in both the US and Japan suggest a similar fat to the US, which has already been seen by the Japanese. But, unlike the Japanese, the US has taken measures to ensure that it will not experience the ‘lost decade’ phenomenon after all.

 

Word count: 135

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