Thursday, December 02, 2010

Growth

An examination of Japan's lack of economic growth. Is it a bad thing?

Global headlines describe Japan as a sluggish basket case. But as Europe comes to grips with a common currency and fractured fiscal policies and the United States faces its own excesses, one has to wonder whether Japan may not have quietly, possibly even unintentionally, discovered a new way to manage its economy: a low-inflation system that sacrifices dynamism for steadiness.

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