Commentary: U.S., Japan use same solutions for different issues

12/19/2008 | (Hong Kong)

The U.S. has an account deficit and high debt, while Japan has an account surplus and low debt. Yet the biggest and second-biggest economies in the world are converging toward zero-interest rates and quantitative easing as foundations for their recoveries. Economists warned that there is no assurance that either the U.S. or Japan will succeed.

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