Say this for Eamonn Fingleton: he has started a useful blogospheric discussion of just how badly Japan really did. Noah Smith has weighed in on my last post; here’s a further take. I’ve looked in the past at Japanese growth between the early 90s and 2007, and found something disconcerting: if you assume that the economy was at more or less full employment at either end, and draw a trend line in be
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