The real lessons of Japanification are getting lost

Need for structural reform simply cannot be avoided

Avatar
20230915 tokyo shinjuku

Commuters in Shinjuku, Tokyo: The real lesson of Japanification is that government intervention purchases time for deleveraging and economic reforms. © Reuters

Satyajit Das, a former banker, is author of "A Banquet of Consequences: Reloaded" and "Fortune's Fool: Australia's Choices."

Alongside cars, electronics and pop culture, Japan these days is associated with a glib template for the problems experienced by advanced economies since the global financial crisis and, more recently, by China.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.