Inside Deutsche Bank Debate on U.S. Sliding Into Japan Malaise

Deutsche Bank AG’s Ajay Kapur says the U.S. is sliding into an economic malaise similar to Japan’s so-called lost-decade of the 1990s. The Hong Kong-based strategist draws the parallel using similarities in demographics and financial-market performance.

Binky Chadha, head of the bank’s U.S. equity strategy team in New York, and Michael Biggs, one of its London-based economists, disagree, citing variations in the nations’ growth rates and credit demands.