Japan once again represents a potential future to many in the US and Europe. But rather than the promise of a fast-growing, high-tech economy that it offered in the 1980s, today it raises the spectre of “Japanification” — low growth, virtually non-existent inflation, high public debt and a persistent inability to address any of these problems.
對許多美國人和歐洲人來說,日本再一次代表著一個潛在的未來。但與日本在上世紀80年代提供的快速成長、高科技經濟的承諾不同,如今日本引發了對「日本化」(Japanification)的恐懼。所謂「日本化」,是指低成長、幾乎不存在通膨、高公共債務,以及長期無法解決以上任何一個問題。
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