• Kyodo

  • SHARE

Japan still faces significant economic difficulties due to deflationary pressures and the fragility of its banking system, top White House economist Glenn Hubbard said Tuesday.

Speaking to reporters at the Foreign Press Center, Hubbard played down speculation by some economists that the current U.S. economy is facing a similar fate to that which befell Japan’s following the collapse of the bubble economy in the early 1990s.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW