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What The Weak Recovery In Japan Can Teach Us About Re-Igniting The U.S. Economy
Odd Lots
The Japanese Don't Want a Recession
Richard Koo's book Princes of the Yen was a number one best seller in Japan. He says he gave up after 15 years trying to get Bank of Japan to take off non-performing assets from bank balance sheets. But they didn't do that either, and instead continued with fiscal spending as well as interest rates being kept at zero. "I had the ear of the, of the decision makers, but they just wouldn't do it"
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