Satyajit Das, a former banker, is author of "A Banquet of Consequences: Reloaded" and "Fortune's Fool: Australia's Choices."
Need for structural reform simply cannot be avoided

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."