Japan's debt-to-GDP figure far exceeds the US's and yet it's industries are getting punched left and right (by China-Korea and the US). Becoming more realist/risk-averse after the Bubble era is not a great feat IMO.
That's the Japanese government, which is different from the Japanese people, who have among the largest savings per heard on the planet. Do not equal the people to the state, please.
Japan's debt-to-GDP figure far exceeds the US's and yet it's industries are getting punched left and right (by China-Korea and the US). Becoming more realist/risk-averse after the Bubble era is not a great feat IMO.