This depressed Japan's productivity growth, and the excess capacity undercut the profits of other firms.

这种做法打击了日本经济的生产率增长，而（“僵尸企业”）生产力过剩却降低了企业的利润。

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The widening gap between the Labour productivity increase and the consumption preference leads to the excess liquidity that feeds bubbles.

劳动生产率上升和消费偏好之间日益扩大的差距，会导致流动性过剩，从而催生泡沫。

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Described by 20th-century economist Arthur Lewis, this is the point at which excess labor in low-productivity industries has been fully absorbed into the high-productivity industries.

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That is a massive amount of excess overhead in hardware, real estate, power consumption and productivity.

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While productivity initially bounced after the recession, reflecting a business sector that was shedding excess costs and becoming lean.

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