How Japanese stimulus offers insights to US

There’s a few takeaways for American politicos and economic policymakers from Japan’s attempts to spend itself out of the “lost decade” of the 1990s.

• Have spending plans, both for the nonce and longer-term;
• Roads and bridges aren’t the best job-producers – think education, followed by community/cultural;
• Make sure specific spending is done for economic and not political reasons.

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