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Monday, June 16, 2003

Turning Germany into Japan

Brad has an interesting link to a piece by Adam Posen which draws the comparison between Germany and Japan:

The Institute for International Economics's Adam S. Posen worries that Germany is turning Japanese--that Germany today looks a lot like Japan in 1994...
Source: Semi Daily Journal

What is most noteworthy about this piece, is perhaps, the fact that among a long list of comparison items between the two countries, the demographic element seems to be limited to the four words 'both are ageing societies'. Clearly we are back with Poe's purloined letter, looking everywhere but where the problem is. Obviously everyone has there own private agenda to run here, but this is getting ridiculous!!

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