The Japanese Nikkei Stock Average is about one quarter of its value at the end of 1989.
We know about Hitachi and Nissin Foods but the Japanese economy has been flat and practically dormant for well over the past twenty years. This has been the case despite huge Japanese government spending, Japanese public debt is now over 200% of GDP.
The nation's earthquake/atomic plant disaster has added to its woes.
The U.S. has been on a wild tear to “stimulate” the American economy, much the same way the Japanese attempted two decades ago, to spend their way to prosperity. Which they have failed to do. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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