With productivity having deteriorated considerably – a symptom that had been obscured by the bubbles – Japan was unable to engineer a meaningful recovery. In fact, it still struggles with imbalances today, owing to its inability or unwillingness to embrace badly needed structural reforms – the so-called “third arrow” of Prime Minister Shinzo Abe’s economic recovery strategy, known as “Abenomics.”
后来的事历史书上都有。泡沫破裂，立刻拖累了失衡的日本经济。生产率严重恶化——此前这一症候被泡沫掩盖——因此日本无法实现有意义的复苏。事实上，日本至今仍在与失衡作斗争，因为它无法或不愿采取急需的结构改革——即首相安倍晋三的被称为“A安倍经济学”的经济复苏战略的所谓的“第三支箭”。