I would really like to hear the reaction of patio11 and any other HN participant who lives in Japan to this story. The author of the submitted article links to his one blog in the article, and there he has an open letter to Clinton administration government official
http://www.fingleton.net/an-open-letter-to-professor-edward-...
with more details of his basis for saying that Japan's economy has been growing steadily for the last two decades.
AFTER EDIT:
In one of the funniest comment-and-reply exchanges I have ever seen on HN, three years ago biohacker42 asked, "Anyone here lived through the Japan depression care to share their experiences with us?"
http://news.ycombinator.com/item?id=328819
and then hugh replied, "It was terrible. People were forced to eat raw fish for sustenance. They couldn't get full-sized electronics, so they were forced to make tiny ones. Unable to afford proper entertainment, folks would make do by taking turns to get up and sing songs."
Since then, I've been much less worried about Japan, which continues to be a very prosperous country. But today I'd glad to be updated on the situation in Japan, and what the "lost decades" really mean for people who live there, if anything.
http://www.fingleton.net/an-open-letter-to-professor-edward-...
with more details of his basis for saying that Japan's economy has been growing steadily for the last two decades.
AFTER EDIT:
In one of the funniest comment-and-reply exchanges I have ever seen on HN, three years ago biohacker42 asked, "Anyone here lived through the Japan depression care to share their experiences with us?"
http://news.ycombinator.com/item?id=328819
and then hugh replied, "It was terrible. People were forced to eat raw fish for sustenance. They couldn't get full-sized electronics, so they were forced to make tiny ones. Unable to afford proper entertainment, folks would make do by taking turns to get up and sing songs."
Since then, I've been much less worried about Japan, which continues to be a very prosperous country. But today I'd glad to be updated on the situation in Japan, and what the "lost decades" really mean for people who live there, if anything.