Japan, ReconsideredA number of readers have asked me for an evaluation of Eamonn Fingleton’s article about Japan. Is Japan doing as well as he says? Well, no — but his point about the overstatement of Japan’s decline is right. Fingleton’s essay basically throws everything he can think of against the wall, in the hope that some of it sticks. And this detracts from the story. No, current account surpluses aren’t neces
