The japanese are generally regarded as not having done nearly enough in counter-cyclical spending over the last 2 decades, specifically at the beginning. The p

The japanese are generally regarded as not having done nearly enough in counter-cyclical spending over the last 2 decades, specifically at the beginning. The problem in 37 is generally understood to have been "too much, too soon" in terms of austerity measures. Penny-wise and pound-foolish if your austerity measures cause the economy to collapse back into recession.