[sgbuffett]

One reason they dare not move like the Japs is becos there’ll b a lot to lose if the drastic moves do not work as expected. But still,  they should bite the bullets when the Gov financial is still strong.  To stop the vicious cycle of debt in private sector will b slow and painful

They cannot make big moves and try bigger policy action because of poor relations with Europe and IS. Should something go wrong these 2 giants are more than happy to see China sink ....given China itself is trying to take down US through dedollarisatiin ....US will bring Chuna down before it can do this.

Japan has support of US and EU should they enter a crisis that js serious US will step in.

Remember the Asian Crisis. ...that time US had reasonably good relations with the countries caught in the storm except for Dr. M who like to bad mouth US. In the end US did 3 quick  rate cuts and rescued the entire region...but make the dictators like Suharto and Thai military govt kow tow to democracy. S.Korea govt also collapsed and became a democracy. IMF, world bank also step in to rescue.

If China go into crisis, they will just let it collapse.