> http://www.cepr.net/index.php/blogs/beat-the-press/the-japan-story
>
> Dean Baker agrees that Shadowstats are garbage (not his exact words,
> but a good enough paraphrase). However, he thinks that problems with
> the Japanese economy, though real, have been exaggerated. Curious to
> know if Doug agrees.
Sorry, missed this earlier. Poverty is up in Japan, and real unemployment is higher than it looks, but yeah, as crises go, Japan's is pretty mild. I was just surprised to learn that Japan's employment/population ratio, which long lagged that of the U.S. (mainly because fewer women were working for pay), is now higher than ours - and for women, too.
Doug