Category Archives: Trade

Japan’s “Lost Decades”: The Sophistry Continues

My article in today’s New York Times Sunday Review has been generating heat as well as light. An article I have written on Japan for the January 8 New York Times Sunday Review went live at the nytimes.com website yesterday … Continue reading

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The Fingleton Invitation: Progress Report

People have asked me what happened to the Fingleton Invitation. The answer is nothing. Some months ago I invited Ed Lincoln, a former Tokyo-based economic adviser to the U.S. government, to join me for a public discussion of the Japanese … Continue reading

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Dollars and Dragons

I have just published the article below in  the American Conservative. TOKYO—In the mid 1990s, I published a book entitled Blindside: Why Japan Is Still on Track to Overtake the U.S. By the Year 2000. The prediction in the subtitle … Continue reading

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The Weight of the Yen

As I have repeatedly documented at this website, the story of Japan’s two lost decades is a myth. But if I am right, how come so many ostensibly reliable observers seem to disagree with me? There are several reasons, none … Continue reading

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An invitation, some surprising facts, and two elusive experts

For thirteen years now I have been trying to organize a public debate on what really happened to the Japanese economy. The effort continues. The facts below have convinced at least one top American economic thinker that a debate is … Continue reading

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A $10,000 offer for Robby Feldman and Ed Lincoln

Let’s sort out once and for all what has really happened to the Japanese economy in the last two decades. Some months ago I offered to make a $5,000 donation to charity if any of ten influential Western commentators joined … Continue reading

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The strength of Japanese manufacturing

For  two decades the New York Times has reported almost nothing but gloom about Japan’s manufacturing industries. I challenged a recent report in a letter to the editor. Your report ( “Japan Confronts Its New Normal,” May 12 in the … Continue reading

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Earthquake: Interview on Thom Hartmann’s Big Picture

Thom Hartmann interviewed me on his show The Big Picture last week. (Thom is one of the most astute commentators in the American media and author of several great books.)

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A message to Japan Forum members

My offer to debate the “basket case Japan” story has generated more heat than light at the National Bureau of Asian Research’s Japan Forum. As a matter of policy, I do not participate in online forums but, as friends have … Continue reading

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