You are wasting bandwidth.

  They could have used any method to keep their factories humming. Regardless of who was printing the money to keep Japanese firms motivated to keep producing output. Whether it was the federal reserve or the Bank of Nippon. As long as that money reached the hands of Japan's industrialists and working class, they will continue to do what they always do.

  An order is an order, a transaction is a transaction. It doesnt matter if it that transaction stems from american quantitative easing or Chinese quantitative easing. The result is the same. Once that money is delivered whether its for rain coats or for J20s, people then go to work.

  Bullshit. Japan chose that outcome for itself. They could have continued to run monetary easing policies to keep the economy going to light years and beyond. They intentionally chose to stagnate the nation's money supply.

Year	Yen Supply
1955	8,369,500
1960	16,009,700
1965	32,866,000
1970	73,344,900
1975	148,327,100
1980	240,707,315
1985	323,541,300
1990	440,124,900
1995	493,271,700
2000	501,068,100
2005	502,905,400
2010	477,327,134

  The Japanese doubled their Yen supply on a five year basis. This created record inflation and record economic growth. By the 1980s, that velocity began to slow by the order of Japan's finance ministers. They bought it to an absolute halt by around 1995, where the Yen supply barely grew an inch between then and 2000. That is what caused Japan's recession. And every year, Japan complains about deflation this and deflation that. But look at the Yen supply. You arent printing any new money, you arent loaning any new money, so how can there be new money?

  Cut the crap, China is fine. I would rather have high velocity economic growth and high velocity inflation, than a recession with no jobs, no economic growth, and declining consumer prices.