Tue. Apr 23rd, 2019

Why Does Trump Want to Turn America Japanese?

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(Bloomberg Opinion) — Asia expert Ezra Vogel published his influential book “Japan as Number One” 40 years ago. At the time, he argued that the U.S. needed to adopt aspects of Japan’s supposedly superior economic system if it wanted to compete with the East Asian powerhouse. Policymakers in Washington were wise to ignore him. While Japan sank into a financial crisis and three decades of malaise, the U.S. has continued to prosper.

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