Frighteningly, the new Japanese government is still trying to deal with the aftermath of the country’s two-decade-old property bust. One can only hope that it will not indulge in more of the kind of spending that already has proven so ineffective – and that has left Japan with the highest debt burden (around 230% of GDP) in the OECD.
可怕的是，日本新一届政府仍在应对该国持续20年之久的泡沫破灭后遗症。我们只能希望，它不要再搞支出扩张了，这条路已经证明是走不通的，而且让日本成了经合组织中债务负担最高的国家（约为GDP的230%）。不幸的是，从日本的历史来看，我们没有什么理由对此感到乐观。