Japan, A Failed Keynesian State?

It’s popular in certain circles to depict Japan as a sort of Keynesian failed state, plagued by by near insurmountable economic problems such as an insurmountable debt burden.
But Japan’s problems can be traced back to the burst of epic asset bubbles, which hobbled the country for decades.
While far from perfect, the policy reaction wasn’t nearly as bad as the critics have it, in a way it was actually better than what occured in the West post.
That doesn’t mean Japan didn’t commit some grave errors, nor that its economic situation isn’t extremely complicated.

shareholdersunite.com