>Time and again, Americans are told to look to Japan as a warning of what the country might become if the right path is not followed, although there is intense disagreement about what that path might be.
But that presentation of Japan is a myth. By many measures, the Japanese economy has done very well during the so-called lost decades, which started with a stock market crash in January 1990. By some of the most important measures, it has done a lot better than the United States.
How can the reality and the image be so different? And can the United States learn from Japan’s experience?
… the strength of Japan’s economy and its people is evident in many ways.