Overhyped, underappreciated

Overhyped, underappreciatedWhat Japan’s economic experiment can teach the rest of the world IN THE 1980s Japan was a closely studied example of economic dynamism. In the decades since, it has commanded attention largely for its economic stagnation. After years of falling prices and fitful growth, Japan’s nominal GDP was roughly the same in 2015 as it was 20 years earlier. America’s grew by 134% in

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アベノミクスについてのThe Economist社説。関連記事：http://b.hatena.ne.jp/entry/www.economist.com/news/finance-and-economics/21702756-abenomics-may-have-failed-live-up-hype-it-has-not-failed-and

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"Before Abenomics, Japan’s prices had fallen with few interruptions for over ten years; they are now about 5% higher than they would have been had that trend continued. "