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Japanese language, co-written with Bill Emmott. A look at Japan’s possible futures.
Month: October 2007
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It’s déjà vu all over again. That’s what the rip-roaring bull market in Chinese stocks looks like to anyone who lived through the late 1980s Japanese bubble.
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The performance of the Chinese market now comfortably exceeds that of other classic bubble markets – Japan in the late 1980s and TMT in the late 1990s. Bubble markets have much in common, including the inevitable denouement.
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The Abe Administration’s key achievement was to show that Japan hasn’t changed, and neither have its problems.