Almost exactly 20 years ago I packed my stuff in London and moved to Japan. The Tokyo stock market had crashed some two years previously; the property market was in free fall; lenders that had relied on buildings as collateral were gasping for air. Yet the country was in denial about its problems. Nobody imagined that Japan would today be suffering its fifth recession in two decades.
差不多20年前，我在倫敦收拾好東西，搬到了日本。那時，東京股市大約在兩年前崩盤；房地產市場正大幅下跌；依賴建筑物作為抵押的銀行正茍延殘喘。然而，當時這個國家拒絕承認自己的問題。沒有人想象得到，如今日本會遭受20年來第5次衰退。
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