US Still at Risk for Japanese-style Lost Decade
U.S. policy-makers have taken bold steps to correct the credit crisis, including injecting capital directly into U.S. banks, but it may not be enough to avoid prolonged stagnation similar to Japan’s so-called “lost decade,” according to Standard & Poor’s Ratings Services. The bursting of Japan’s economic bubble in 1992 took 12 years to solve, due to [...]
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