Professor Takeo Hoshi 'optimistic about the U.S. economy' compared to Japan
Hoshi answers questions about Japan's Lost Decade, compares to U.S. economy at quarterly roundtable
07/21/2010
Dean Calbreath,
San Diego Union-Tribune
It’s been 20 years since Japan entered its so-called Lost Decade, a long period of sluggish growth that began with the collapse of a real estate bubble, a stock market crash and a near-meltdown of the financial system.
Sound familiar?
As the Lost Decade comes to the end of its second decade, some economists in the U.S. worry that we could be headed down the same path. And UC San Diego economist Takeo Hoshi warns that there are several troubling similarities between the two countries’ approaches to their financial crises.
See the article and Hoshi's responses to several additional questions here.
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Takeo Hoshi is the Pacific Economic Cooperation Professor in international economic relations at IR/PS, research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.
Professor Hoshi participated in the UC San Diego Economics Roundtable on Tuesday, July 20, discussing "Lessons from the Global Financial Crisis."
