If only it were that simple. For starters, the parallels between crises in the two economies are striking. Both suffered from the bursting of two major bubbles – property and equity in the case of Japan, and property and credit in the US. Both had broken financial systems stemming from egregious risk management blunders. Both were victimised by a reckless lack of oversight – regulatory failures, misdirected rating agencies, and central banks that ignored asset bubbles. And the twin bubbles ended up infecting the real side of both economies – the corporate sector in Japan and the consumer sector in the US.
可惜事情没有那么简单。首先，两个manbetx20客户端下载 体的危机存在惊人的相似之处。两者都遭受了两种主要泡沫的破裂——日本是房地产和股市泡沫，美国是房地产和信贷泡沫。两者都因重大的风险管理错误而导致金融体系崩溃。两者都成了监督失察的受害者——监管失灵、评级机构误导、央行忽视资产泡沫。此外，双重泡沫最终都影响到两个manbetx20客户端下载 体的实体方面——日本是企业部门，美国是消费者部门。