Reversing Japan’s Downward Spiral

PLEASE NOTE
Capital Ideas is now Chicago Booth Review but unfortunately original articles are no longer available. If you click through you will be taken to the Internet Archive site to find an archived copy.

New research estimates that taxpayer liability for the Japanese financial crisis will total at least 24 percent of Japan’s GDP.

Editor’s Note: this article is a bit topical, but the issues addressed and the importance and longevity of the topic lead me to include it.

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