Almost exactly 20 years ago I packed my stuff in London and moved to Japan. The Tokyo stock market had crashed some two years previously; the property market was in free fall; lenders that had relied on buildings as collateral were gasping for air. Yet the country was in denial about its problems. Nobody imagined that Japan would today be suffering its fifth recession in two decades.
差不多20年前，我在伦敦收拾好东西，搬到了日本。那时，东京股市大约在两年前崩盘；房地产市场正大幅下跌；依赖建筑物作为抵押的银行正苟延残喘。然而，当时这个国家拒绝承认自己的问题。没有人想象得到，如今日本会遭受20年来第5次衰退。
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