Takeo Hoshi: What the U.S. can learn from Japan's economic meltdown
12/10/2008
Gloria Tierney,
Asia Media Inc.
A financial sector poised at the brink, about to collapse into free fall and a government scrambling to save it.
Takeo Hoshi has seen this movie before and he knows that it can have a happy ending. In the 1990s Japan faced financial crisis that mirrors the one that has gripped the United States and Europe these past few months. After a few false starts and missteps, the Japanese economy recovered, but it took them close to a decade.
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