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And that the U.S. must take drastic steps to reign in government spending, deficits, and debt.
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That suggests the authorities should take drastic steps to reflate the economy, jolting it out of its stupor and weakening the currency.
ECONOMIST: Japan is not yet doomed to debt-induced penury
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Carleton had to take drastic steps, and did, building on Ottawa's strengths.
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Since US President Barack Obama took office 11 months ago, Israel's desire to convince the US to act against Iran has driven Netanyahu to take drastic steps to appease the White House.
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The result is important because governments were encouraged by the original paper to take drastic steps, such as severe austerity measures, to avoid borrowing any more money once their borrowing reached 90% of annual output.
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While Mr. Shirakawa won kudos for keeping Japan's financial system intact in the face of the 2008 financial crisis, and after the March 2011 earthquake and tsunami that devastated the country's northeast, he came under fire from politicians who found him reluctant to take drastic steps to beat deflation.
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The company needs to take some drastic steps to make its car factories profitable.
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At least 65 firms have qualified for the programme by promising creditor banks that they will take such drastic steps as selling assets and replacing top managers with abler hands.
ECONOMIST: South Korean restructuring
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Expectations that Mr. Kuroda would take drastic easing steps have already propelled Tokyo share prices to a level before the 2008 financial crisis and weakening the yen to a multiyear low.
WSJ: Departing BOJ Governor Shares Doubts on New Policy
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The current spike in share value is a sign that investors are eager to see Sony make bold reform moves, but the company may be able to take less drastic steps and still come out on top.
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