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Retrenchment ahead for all Americans

...is in Japan. "Growth has collapsed, deflation has taken hold, and the financial system is in shambles," write Takeo Hoshi and Anil Kashyap in a recent issue of the Journal of Economic Perspectives. The Japanese government has been running...

http://www.juneauempire.com/stories/093007/opi_20070930002.shtml
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