Japan: How Long Does It Take to Recover?

The transcript discusses Japan's economic challenges, focusing on the duration of balance sheet repairs and the impact of fiscal policies. It compares Japan's real estate crisis with that of the US, highlighting the differences in recovery time. The speaker critiques Japan's fiscal policy mistakes in the late 1990s, particularly under Prime Ministers Hashimoto and Koizumi, which led to prolonged economic stagnation. The discussion emphasizes the importance of avoiding similar errors in other countries, such as the United States.

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