• SHARE

ATLANTA, (Bloomberg) The U.S. will avoid an extended economic slump similar to Japan’s in the 1990s as banks recognize losses faster than their Japanese counterparts did, Federal Reserve Bank of Atlanta President Dennis Lockhart said Wednesday.

“I do not expect this country to experience the same protracted economic weakness as Japan, in part because we can learn from Japan’s experience,” Lockhart said in a speech to the Japan-America Society of Georgia.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

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