If South Korea is to avoid Japan’s fate, it must take steps to reduce its household and corporate debt. It also should continue to implement structural reforms aimed at strengthening its labor and financial markets, improving institutional quality, and boosting productivity in services and small and medium-size enterprises.
如果韩国想要避免重蹈日本的覆辙，就必须采取措施降低家庭和公司债务。它还应该继续实施结构改革以强化劳动力和金融市场、改善制度质量、提振服务业和中小企业生产率。