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Japan's Lost Lesson

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Japan's Lost Lesson

Podcast

Japan's Lost Lesson

Japan's Lost Lesson

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  • <iframe src="https://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.