China’s economy is flashing worrying signs reminiscent of Japan’s economic bubble in the 1990s, said a Japanese economist.
Japan’s home prices nosedived in 1992 after a period of asset price inflation and sank the economy into a recession that lasted almost 25 years.
Naoyuku Yoshino, dean and CEO of the Asian Development Bank Institute, said China’s housing sector is looking similar to what it was like in Japan three decades ago.
As Japan did then, China in recent years has adopted a loose…