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Since several years Asia is not experiencing different run-of-the-mill economic crisis, but rather the accumulation of many crises – culminating in a crisis of orientation. Even though this has been obvious for many years, there is no short-term remedy. Southeast Asia and Korea are looking to Japan, hoping for aid and advice from their role model. But even a massive program by the government in Tokyo to stimulate the economy might prove ineffective, and Japan itself might become the biggest problem of the next Asian crisis and become a burden on the global economy.
