Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. Well, not exactly. Japan has had 10 years of serious economic troubles and is currently in a deflationary spiral.
Banks are in trouble and important companies are nearly bankrupt.
The U.S. economy, on the other hand, continues to grow, albeit feebly, while grossly inflated stock prices tumble back down to earth. No, Bush certainly does not wish to have America plunked into the same kettle as Japan. He's already gotten enough flak for talking down the economy. Still, on Monday when the President and the Prime Minister met for a 55-minute meeting followed by a quick working lunch, Mori spent a great deal of time talking about the economy. He explained the various steps that Japan had taken over the past decade to get the economy back on track.