В перерыве найду эту статейку и переведу сюда. А пока вот, коротенькая заметка:
NEW YORK — Fortune magazine branded Japan's economy a "zombie" in the Sept. 30 edition made available Friday.
"In fact, Japan is now known as the zombie economy — because so many businesses remain alive when they should have died long ago," the magazine said, referring to companies which are being saved from bankruptcy due to heavy borrowings from banks.
Japanese banks and indeed the country's capital markets remain "supremely dysfunctional," the magazine said.
Bank loans account for nearly 60% of all corporate debt in Japan while in the United States fund-raising through the capital markets represents 61% of all corporate debt there, it said.
"The chief difference between the way the U.S. economy works and the way Japan's does is that the Japanese system isn't really capitalism — at least not the way we define it," the magazine said. (Kyodo News)
