I wouldn't be so sure that EU and US will follow the Japanese scenario. In many regards Japan is a special case. On this subject I recommend reading Lyn Alden [

I wouldn't be so sure that EU and US will follow the Japanese scenario. In many regards Japan is a special case. On this subject I recommend reading Lyn Alden [0] and Princes of the Yen [1]. [0]: https://www.lynalden.com/economic-japanification/ https://www.lynalden.com/economic-japanification/ [1]: https://www.amazon.com/Princes-Yen-Central-Bankers-Transformation/dp/0765610493 https://www.amazon.com/Princes-Yen-Central-Bankers-Transform...