Comparing the U.S. and Japanese Financial Crises: "The Lost Decade"

In July 2008, Money Morning published an article, "The Lost Decade: How the U.S. Financial Crisis Resembles Japan’s Ten Years of Misery - And How to Play it" a 2-part story by Executive Editor William Patalon III. The author describes the parallels between Japan's economic collapse of the 1990s and the looming U.S. economic crises (in mid 2008), when many experts were fearful that the U.S. version of the "Lost Decade" that was looming would be much worse.

• Part I -- See: http://www.moneymorning.com/2008/07/17/the-lost-decade/
• Part II-- See: http://www.moneymorning.com/2008/07/18/lost-decade/

Book Resources on "The Lost Decade"

Callen T. and Ostry, J. (Eds.) (2003). Japan's Lost Decade: Policies for Economic Revival; International Monetary Fund.

Koo, R. C. (2009) The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession. Wiley

Saxonhouse, G. and Stern, R. (2004) Japan's Lost Decade: Origins, Consequences and Prospects for Recovery (World Economy Special Issues); Wiley-Blackwell

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