BUSINESS
11/10/2010 05:12 am ET Updated May 25, 2011

Paul Krugman: Why We'd Be Lucky To Have Japan's Economic Woes

A decade ago, Japan was a byword for failed economic policies: years after its real estate bubble burst, it was still suffering from chronic deflation and slow growth. Then America had its own bubble, bust and crisis. And these days, Japan's record doesn't look that bad to an American eye.

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