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01-08-2012, 09:53 AM   #1
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NYT/Opinion: The Myth of Japanís Failure

Time and again, Americans are told to look to Japan as a warning of what the country might become if the right path is not followed, although there is intense disagreement about what that path might be. Here, for instance, is how the CNN analyst David Gergen has described Japan: “It’s now a very demoralized country and it has really been set back.”

But that presentation of Japan is a myth. By many measures, the Japanese economy has done very well during the so-called lost decades, which started with a stock market crash in January 1990. By some of the most important measures, it has done a lot better than the United States.

01-08-2012, 10:03 AM   #2
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How can the reality and the image be so different?

ďThereís a dramatic gap between what one reads in the United States and what one sees on the ground in Japan,Ē he said. ďThe Japanese are dressed better than Americans. They have the latest cars, including Porsches, Audis, Mercedes-Benzes and all the finest models. I have never seen so many spoiled pets. And the physical infrastructure of the country keeps improving and evolving.Ē
but i'm sure to hear.. "just wait and see, the sky is falling".............. for another 20+ years........

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