Japan, Once Dynamic, Is Disheartened by Decline
By MARTIN FACKLER
Economists are pointing to Japan, which has been trapped in low growth and deflation, as a dark vision of the future for the West.
QUOTATION OF THE DAY "The Japanese used to be called economic animals. But somewhere along the way, Japan lost its animal spirits. "
MITSUO OHASHI, former chief executive of the chemicals giant Showa Denko, on Japan’s almost generation-long economic decline.
