3 ms·

There are other differences: Japan was essentially a fully developed nation by the time the crash hit, while large parts of China are not. Also, Japan has a mo

There are other differences: Japan was essentially a fully developed nation by the time the crash hit, while large parts of China are not. Also, Japan has a more or less functioning democracy capable of letting its people changing those in power peacefully, while China does not.

toyg 11y ago
"Changing" up to a point -- the LDP has been in power continuously until 2009. What people could do was just to force occasional reshuffles, which is not very different from what the Chinese can do today.
peteretep 11y ago
> Japan has a more or less functioning democracy I note that the same party was in power for 55 years prior to 2009.
- digi_owl 11y ago
  Same can be said for many (western) European nations...
  - peteretep 11y ago
    Many? If we're talking the last thirty years or so, I can think of Luxembourg and Ireland, although if you're going back 20 years, I guess there's Italy too. Where did you have in mind?