Passage 1
The World Economy
Canada's new Liberal government "has to start rebuilding the economy, "Dornbusch writes. "Public finance is rotten; industry is dull. But... there is an understanding of what has to happen."
Inflation is lower in Canada than in the US, allowing the Bank of Canada to lower interest rates over the next year without much risk of a rout for the Canadian dollar on foreign exchange markets The Japanese economy remains in trouble, with output falling two quarters in a row for the first time in decades. An appreciation of more than 15 per cent in real terms in the yen over the past two years has hurt Japanese competitiveness Dornbusch notes. The fiscal package to stimulate the econ- omy, to be implemented next April, "will help some but not much"
At best, Dombusch predicts, the Japanese economy will grow a real per cent next year. Japan which business is singularly ill-equipped to handle The entire belief system of decades-superiority of the Japanese culture and business system, sustained growth, social cohe- ent, accommodating finance, the US can be managed-are all up for grabs. Bad news!
Outside Japan, Asia booms. China tried to slow down its economy, but apparently abandoned that effort at a Communist Party meeting last month. Growth in national output is expected to run at an astonishing 13 per cent this year.
South Korea has its woes, and so do a few other economies, Dornbusch notes. But"there are no major obstacles to continued growth in Asia: savings rates are high access to external capital is plentiful, and the world trading system is staying open. Asia cannot fail to do well."
The Japanese people have lost their total confidence in the belief system built up over many years.
A、正确
B、错误
【正确答案】：B
【名师解析】:题目中的句子"The Japanese people have lost their total confidence in the belief system built up over many years."表明日本人民对他们多年来建立的信念体系完全失去了信心。然而，根据文章内容，Dornbusch提到日本经济面临困境，日元在过去两年实际升值超过15%，损害了日本的竞争力，并且财政刺激计划可能帮助有限。尽管如此，文章并没有明确提到日本人民对信念体系的完全丧失，而是提到了日本文化和商业体系的某些方面可能受到质疑。因此，题目的陈述与文章内容不完全一致，答案是B，错误。
