Paul Krugman: Lost in Stagnation: Japan's Dismal Tale

Thursday 02 September 2010
by: Paul Krugman, Krugman & Co.

Japan’s lost decades may have changed its society for the worse.

Twenty years of struggling with stagnation have left a mark, reports economics writer Charles Hugh Smith in an online article for AOL Daily Finance. He argues that the “consequences for the ‘lost generations’ that have come of age in the ‘lost decades’ have been dire.”