Thursday, April 30, 2015

Satyajit Das: Two Views of Japan’s Setting Sun

Similarities are so there.

From Naked Capitalism:

Das discusses two recent books on Japan, and both provide windows on how Japan is coping with its now lost two decades. One of them is by Tag Murphy, who I met in my days in Japan and has long been a very insightful commentator. As I said at the Atlantic Economy conference, rather than trying to “jump start the economy,” which would take more radical restructuring than they are willing to engage in, the top wealthy might be better served to worry about managing low growth better. And for its many flaws, egalitarian Japan has muddled through a far more severe bubble and bust with more grace than we have.

http://www.nakedcapitalism.com/2015/04/satyajit-das-two-views-japans-setting-sun.html

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