Imperial Palace

Articles Finance

China Gets Japan Wrong

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By orchestrating a massive appreciation of the yen in the mid 1980s, the US condemned Japan to decades of stagnation and ended the challenge to its own economic hegemony.  Effectively Japan was forced to commit financial hara-kiri.

Articles Culture Finance

China rushes towards a Japan-style bubble

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Emerging markets, it seems, have had a good crisis. In contrast to the debt-ridden G7 economies, they have quickly resumed their growth trajectory. No surprise, then, that US emerging market mutual funds are experiencing record inflows. The stellar performance of the Brics markets – Brazil, Russia, Indian and China – is due to continue into the distant future.