How Dangerous Is Deutsche Bank To Stability?

[finehoe]

Compared with past efforts to revive Japan, Abenomics has achieved a great deal.

Not sure how you got "impressive" out of that statement.  I was just pointing out that your claim that "nothing has worked" isn't true.  By many measures, the Japanese economy has done very well during the so-called lost decades, which started with a stock market crash in January 1990. By some of the most important measures, it has done a lot better than the United States.

Japan has succeeded in delivering an increasingly affluent lifestyle to its people despite the financial crash.   Japan's current account surplus — the widest measure of its trade —is up more than threefold since 1989. By comparison, America's current account deficit has ballooned in that time. Although in the 1990s the conventional wisdom was that as a result of China's rise Japan would be a major loser and the United States a major winner, it has not turned out that way. Japan has increased its exports to China more than 14-fold since 1989 and Chinese-Japanese bilateral trade remains in broad balance.

the fallacy of the "lost decades" story is apparent to American visitors the moment they set foot in the country. Typically starting their journeys at such potent symbols of American infrastructural decay as Kennedy or Dulles airports, they land at Japanese airports that have been extensively expanded and modernized in recent years.

-Longtime Japan watchers Ivan P. Hall and Clyde V. Prestowitz Jr.

"There's a dramatic gap between what one reads in the United States and what one sees on the ground in Japan. The Japanese are dressed better than Americans. They have the latest cars, including Porsches, Audis, Mercedes-Benzes and all the finest models. I have never seen so many spoiled pets. And the physical infrastructure of the country keeps improving and evolving."

-William J. Holstein, a prominent Japan watcher since the early 1980s