RichardKooischiefeconomistatNomuraResearchInstitute.Thisishispersonalview.RichardKoor-koo@nri.co.jpToreceivethispublication,pleasecontactyourlocalNomurarepresentative.RichardKooChina’sbalancesheetrecessionandstructuralproblemsinlightof1990sJapanInthisreportIwouldliketotalkabouttheworld’ssecond-largesteconomy,China,whichfindsitselfinanincreasinglypronouncedslump.Followingthecollapseoftherealestatebubblelastyear,someareworriedthatthenationcouldfollowinthefootstepsofJapanthreedecadesagoifnothingisdone,andIhaverecentlybeenaskedtogivenumerousinterviewsandspeechesonthissubject.Inthecourseoftheseinterviews,however,IhavenoticedanumberofmisconceptionsaboutJapanh...