When both bubbles burst – first housing, and then credit – asset-dependent US consumers were exposed to the American strain of the Japanese disease first diagnosed by Nomura economist Richard Koo.
当这两个泡沫破裂时——先是房地产泡沫，再是信用泡沫——依赖资产的美国消费者就陷入了美国版日本病。日本病理论首先由野村证券经济学家辜朝明提出。