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Our Lost Decade: Can Obama's Economic Plan Avoid Japan's Mistakes?

First Posted: 03/20/09 06:12 AM ET Updated: 05/25/11 02:05 PM ET

Down Spiral

Newsweek:

We argue by analogy. The president says that Japan's history demonstrates the need for his "stimulus package." To the contrary, claim Hannity and other conservatives, Japan shows that stimulus plans don't work. Up to a point, they're both right. But the possible parallels between Japan's experience and our own are much broader and pose the question of whether we, too, might face a "lost decade."

What happened to Japan in the 1990s?

Read the whole story: Newsweek

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Filed by Nick Graham  |