从资产泡沫和杠杆过剩到汇率压制和生产力下降，日本的经验 — — 所谓“失去的十年”现在已经拉长到了二十五年 — — 展现了一个大型富裕的经济体可能会犯下的所有错误。
From asset bubbles and excess leverage to currency suppression and productivity impairment, Japan’s experience – with lost decades now stretching to a quarter-century – is testament to all that can go wrong in large and wealthy economies.