Finally, a ray of hope. The New York Times ran an opinion piece on January 6th, called “The Myth of Japan’s Failure”. It examines the Japanese economy and demonstrates that the West’s image of Japan may not be entirely accurate, and that the so-called “Lost Years” following Japan’s market crash of 1990 should be viewed more favorably. A lot of the points raised in the piece are arguments I’ve made myself over the years, so I was glad to see it near the top of the Times’ “Most Emailed” list. However, as much as it pleased me to see this article, someone had some serious problems with it. Me.
