Sunday, May 23, 2010 Japan's problem is supply, not demand (updated) Paul Krugman wrote in the NYT that we are talking too much about Greece: "Despite a chorus of voices claiming otherwise, we aren’t Greece. We are, however, looking more and more like Japan." According to Krugman the U.S risks ending up like Japan, because of "policy makers... doing too little". First the cheap shot. A year ago, K