Pondering the Japan puzzle

Economics: For a moment, Japan bestrode the world like some economic colossus. (The Japanese economy, deputy finance minister Eisuke Sakakibara boasted in 1991, had "surpassed capitalism".) But that boom turned out to be a bubble, and burst - resulting in a slump on the Nikkei, a precipitous drop in land values, and massive unemployment. Login or subscribe for more.