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Opinion

From bubble to bubble

As Abe visits Xi, Japan's economic record has painful lessons for both leaders

| China
Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping may sense eerie parallels in their economic troubles.   © Reuters

Shinzo Abe's trip to Beijing is one for the history books. The first formal summit between Japanese and Chinese leaders since 2011 rekindles Asia's most vital relationship at a pivotal moment.

Yet as Prime Minister Abe plots the future with President Xi Jinping, he may sense eerie parallels with the past. Not just China's long-held preoccupations with wartime suffering, but also more recent economic events -- Japan's bubble years, and their damaging continuing fallout.

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