The Japanese Economy

The Japanese Nikkei Stock Average is still sharply off its 1989 peak.

Yes, we know about Hitachi and Nissin Foods corporate growth but the Japanese economy has been flat and practically dormant for over the past twenty-odd years. This has been the case despite huge Japanese government spending. Japanese public debt is now over 200% of GD

The problem for the U.S. is that the administration has been on a wild tear to “stimulate” the American economy, much the same way the Japanese attempted over two decades ago, to spend their way to prosperity. Which they have failed to do.

However, the Japanese do not have a global reserve currency to protect as the U.S. does,(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)