As China fights Japanification, Tokyo should look in the mirror
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
For all the talk of China’s urgent need to take action to avoid Japan-like lost decades, Japan itself should take heed of lessons from the past 25 years. Both Tokyo and Beijing must boldly undertake reforms, encourage consumption over saving and tackle inefficiencies to weed out ‘zombie’ companies and sectors.