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GLD 414.48+0.7%Jan 9 4:00 PM EST

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From: elmatador6/11/2013 10:35:04 PM
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Now, though, Japan is leading the way. Japan Is a Model, Not a Cautionary Tale
embarked on a crash course of monetary easing, public works spending and promotion of entrepreneurship and foreign investment to reverse what he has called “a deep loss of confidence.” The new policies look to be a major boon for Japan. And what happens in Japan, which is the world’s third-largest economy and was once seen as America’s fiercest economic rival, will have a big impact in the United States and around the world.
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Japan has done better than the United States. It may have quite a lot to teach us. If Abenomics is even half as successful as its advocates hope, it will have still more to teach us.


opinionator.blogs.nytimes.com
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