U.S. Treasury to BOJ: Do As We Say, Not As We Do

For over two decades, economic policymakers in developed countries have been telling Japan to get its act together. The once-great nation that was going to eat the U.S.'s lunch pretty much fell off the global map after its real estate and stock market bubbles burst in 1989.

The problem, according to the diagnosticians, is chronic deflation, or falling prices. The cure? More money.