U.S. vs. Japan: Which Economy is Stronger?
How much comfort can the U.S. take in the sufferings of Japan? In a side-by-side comparison of the productivity of the two economies, the U.S. comes off looking worse than one might expect, while Japan, long in the mire of recession, not as badly as one might assume. Example: in the past 12 months, government spending in Japan fell by its largest amount in at least 22 years.