Japan's Lost Lesson

  • Playlist
  • Download
  • Embed
    <iframe src="http://www.npr.org/player/embed/140225529/140237682" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
There's a lesson here.
Mark Kolbe/Getty Images

On today's show: A financial crisis that began with the popping of a huge housing bubble and led to a stock market plunge and a banking crisis.

That's right. It's a show about Japan in the 1990s.

We talk to Adam Posen, who argues that the U.S. can learn a lot from Japan's mistakes. Posen is an economist at the Peterson institute and the Bank of England.

Subscribe to the podcast. Music: The New Pornographers's "Crash Years." Find us: Twitter/ Facebook. Note: This podcast originally aired in February, 2009.



Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from