[dgellow]

Krugman on Japan: http://web.mit.edu/krugman/www/jpage.html

Unfortunately there is no publication date but the meta tags in the sources and the dates of linked documents hint to ~1999.

Also, for people who don't have the context, check out the "Lost Decade": https://en.wikipedia.org/wiki/Lost_Decade_(Japan).

> The Lost Decade or the Lost 10 Years (失われた十年, Ushinawareta Jūnen) was a period of economic stagnation in Japan from about 1991 to 2001, caused by the Japanese asset price bubble's collapse in late 1991. From 1991 to 2003, the Japanese economy, as measured by GDP, grew only 1.14% annually, well below that of other industrialized nations.

[stainforth]

Does this support the parents thesis or are you adding this to counter?