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Economists give shot in the arm to Japan's COVID-19 fight

Using the country's rich intellectual capital key to avoiding more failures

Left: Stock prices plunged in January 1990 at the end of the bubble economy. Right: People walk in Marunouchi, Tokyo amid economy takes a hit by coronavirus, June 1, 2021. (Source photos by Kyodo and Rie Ishii)

TOKYO -- Keio University professor Keiichiro Kobayashi, a subcommittee member of the government's coronavirus expert panel, believes the COVID-19 crisis is like nonperforming loans.

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