Although the world marks the grim 2-month anniversary of the Great East Japan Earthquake and its ensuing aftermath, recovery has progressed little. It looks this place hit by the Earthquake not long ago. Even though it seems to be impossible to recover way it was before, Japanese evacuees have hope to recover their lives. This recovery process may determine whether it sheds the legacy of the 1980s bubble or has a third 'lost decade' of stagnation and deflation. (image by S.G. KIM)
Although the world marks the grim 2-month anniversary of the Great East Japan Earthquake and its ensuing aftermath, recovery has progressed little. It looks this place hit by the Earthquake not long ago. Even though it seems to be impossible to recover way it was before, Japanese evacuees have hope to recover their lives. This recovery process may determine whether it sheds the legacy of the 1980s bubble or has a third 'lost decade' of stagnation and deflation.
©S.G. KIM
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