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Page last updated at 10:48 GMT, Tuesday, 3 January 2012

Is the UK facing a 'lost decade'?


The escalation of the eurozone crisis means Japan's so-called 'lost decade' following their recession is now looking like a "good option" according to economics editor Stephanie Flanders.

Richard Werner, professor of international banking at Southampton University, and Jonathan Allum, a strategist with the Japanese investment bank Mizuho International, debate whether comparisons with Japan can help us understand the current problems in the UK economy.

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