Any lessons for the West from Japan's experience?

What markets here can learn from the Land of the Rising Sun

Japan is, in many ways, a unique country; many of its experiences with prolonged slow growth and ultra-low interest rates will differ from the West's.

Furthermore, due to the unique nature of the Covid-19 crisis, the recovery will not likely even rhyme with any historical examples, other than some very broad trends. John Redwood on a 'pioneering' Japan That said, assuming there is no major secondary infection wave, a rapid shift to the political left, major trade wars or a geopolitical crisis, the West should expect many more years of increasingly repressed interest rates and pale economic growth after the initial rebound from the lockdowns.  Western people tend to have short memories and a strong desire to overcome grave odds, b...