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Japan Is Pathfinder Back From Crisis

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PRAYING FOR A LOST DECADED
"[T]hese days western central banks are now frantically mulling the same questions which bedevilled the Japanese four years ago: namely, is it possible to remove emergency policies smoothly, after a banking crisis?," writes Gillian Tett. "The experience of Tokyo is salutary, not least because Japan has never truly returned to vibrant economic growth in the decade after its banking woes." Minyanville's Kevin Depew covered similar ground yesterday in Five Things.
SOURCE:   Financial Times

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