Frog in the pot: Germany's path to the Japan syndrome.
From: The National Interest
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Date: 3/22/2003
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Author: Posen, Adam S.
JAPAN'S DECADE of decline is the worst fate suffered by an advanced economy since the Great Depression. Contraction in Japan, however, is not only Japan's problem-it is also a drag on the global economy. Japan's withdrawal of capital from Asia and a weakening yen contributed heavily to the Asian financial crisis of 1997-98. Since then, Japan's continuing slump has limited export earnings for emerging market countries, thus strengthening the backlash in Asia and Latin America against ...
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