Caixin
Apr 30, 2022 10:00 AM
WEEKEND LONG READ

Weekend Long Read: China Can Learn From Japan’s Persistent Structural Economic Problems

Former Bank of Japan Governor Masaaki Shirakawa. Photo: Chen Lixiong/Caixin
Former Bank of Japan Governor Masaaki Shirakawa. Photo: Chen Lixiong/Caixin

Based on nearly four decades of experience in the field of finance, former Bank of Japan (BOJ) Governor Masaaki Shirakawa believes China can learn lessons from the bursting of Japan’s economic bubble in the 1990s and persistent structural challenges that followed.

In an exclusive interview with Caixin, Shirakawa, who dealt with a series of overseas financial crises during his tenure as a governor between 2008 and 2013, said there is a tendency in China to interpret the “Japan lessons” from the lens of the mainstream of Western macroeconomics.

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