Nomura's Richard Koo, an expert on the Japanese 1980s bubble (whose 20th anniversary is this...

|By:, SA News Editor

Nomura's Richard Koo, an expert on the Japanese 1980s bubble (whose 20th anniversary is this week), says China seems to have learned key lessons from its neighbor's mistakes, and thinks Beijing policymakers deserve high marks for their all-in effort to prop up the economy through a period of global balance-sheet shrinkage. (ETFs: FXI, PGJ)