Following Japanese Models?

This post argues how the U.S. is following the Japanese model.  It's not just the U.S.   As pointed out many times, Korea and China were modeled after Japan.  The similarities between Korea and Japan are so there in terms of export-dependent industrialization strategy, technology accumulation trajectory, financial bubbles, deindustrialization, currency conundrum, demographic changes, policy mistakes (e.g., monetary policy), etc.  Hence, what Japan faces should concern us greatly, and we should heed the lesson of post bubble Japan.

From Zero Hedge:

Perhaps those sage English philosophers 'The Vapors' were on to something 32 years ago when they asked if we were "Turning Japanese" for it seems the following charts from Nomura certainly suggest the US bond market is heading in that direction. From demographics to monetary policy; from investor allocations to flows; and from bond bubbles and volatility to long-term interest-rate paths, it seems we share a lot more than a love for sushi and pachinko with our neigbours across the ocean as we seem to be chasing after many Japanese models (of asset allocation and macro-economics).

http://www.zerohedge.com/news/2012-11-08/following-japanese-models