Where have we heard this before?
Continuing my America is headed down the Japanese economic hole theme, where have you heard this phrase before: "All hope of economic growth appears to be in the hands of the individual consumer"?
That is the lede of the Asahi Shimbun on the shabby performance of Japanese Gross Domestic Product in the last quarter. The description of the impact of consumer cutbacks on restraurants, services and retail have the same bleak tone that the U.S. press has adopted.
Posted by Mitch Ratcliffe at February 19, 2003 07:34 PM | TrackBack