Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation - until around 2015.
Japan also came out of WW2 heavily industrialized and never had to pay China war reparations despite the atrocities committed during the war and the extreme damage done to China’s economic engine at the time.
Japan also came out of WW2 heavily industrialized and never had to pay China war reparations despite the atrocities committed during the war and the extreme damage done to China’s economic engine at the time.
Not really an identical comparison.