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russia s brutal war and his visit, russia s former president, former foreign minister, former president dimitri medvedev has reacted publicly stating kishida has shown a complete subservience to the u.s. and should ritually disembowel himself, which i admit is a little harsh to be discussing on sunday morning tv. we will have more on russia s war in the chaos inside russia in a few minutes, with russia s foreign foreign minister, but first, back to the brief history lesson i brought up, because japan is interesting for another important reason. one which should serve as a stark reminder to american lawmakers at what happens when you play with fire in a fragile economy. sometimes, as fire goes out of control, and has catastrophic consequences. coming out of the 1970s and 1980s, headed to the 1990s, japan was the fastest growing economic power in the world, a global financial club manufacturing all sorts of things. think about watches, panasonic tvs, toyota cars. when our ....
In china than in japan, then in china. then in the early 90s, economic disaster, the start of something called the lost decade. it was characterized by what was essentially a zombie economy in japan. not quite dad, but not alive, not growing. caused by a number of factors. essentially, it was a mix of an 80s greed is good mentality coupled with high interest rates. that caused something called stagflation, a stagnant inflation, sort of like a recession, with high inflation. an economic disaster for a developing nation, because the two things must be solved in different ways. , it is difficult to get out of. japan s lost decade from 19 91 to 2001 turned into what was known as the lost 20 years. and then the lost 30s, something to panic still dealing with. in fact, the day before he met with biden at the white house, the prime minister implored business leaders in japan to get this, accelerate wage increases, warning the economy ....