Economics
Keynesian Hangover
S&P downgrades Japanese debt: How Japan dug itself into such a hole is a story of reckless spending. Japan is bristling with bridges, roads and dams, the legacy of vast government spending to lift the economy from a severe downturn following the bursting of its stock and asset price bubble in 1990. But even while […]
How Japan dug itself into such a hole is a story of reckless spending. Japan is bristling with bridges, roads and dams, the legacy of vast government spending to lift the economy from a severe downturn following the bursting of its stock and asset price bubble in 1990. But even while amassing the developed world’s largest debt over nearly two decades, Japan has failed to spark a convincing recovery.
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