The NY Times recently published a piece discussing the various government spending packages that were tried in Japan during the 1990s.
And while the story notes that most Japanese now consider all of the plans resolute failures, a number of Western economists interviewed believe that despite trillions in infrastructure projects Japanese taxpayers simply didn’t spend enough.
How much was not enough? According to the Cabinet Office, “[i]n total, Japan spent $6.3 trillion on construction-related public investment between 1991 and September of last year.”
Very bad Satou-san, you obviously should have spent more!