A Síndrome Japonesa e o Futuro Problema da China

Excelente artigo na Foreign Policy escrito por Ethan Devine: Decades of undervalued yen had pumped massive amounts of liquidity into Japan, and when this was met with low interest rates and confidence that the yen could only strengthen, the result was one of the largest asset bubbles in history. Japan has never fully recovered from the resulting bust, and its example haunts policymakers around the world. Central bankers and economists spend much of their time trying to prevent their economies from ending up like Japan's.